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On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month, Aprit 2 Nozomi. invested

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On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month, Aprit 2 Nozomi. invested $37,080 cash and computer equipnent worth $30, e0e in the company in exchange tor its common stock. Aprit 3 The company rented furnished office space by paying $1,900 cash for the first month's (Aprit) rent. Aprit 4 The company purchased $1,709 of office supplies for cash. April 10 The company paid $1,880 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 the company paid \$1,880 cash for two weeks' salaries earned by epployees. April 24 The company collected $13,500 cash for conmissions revenue. April 28 The company paid 51,800 cash for two weeks' salaries earned by eoployees. Aprit 29 The company paid $300 cash for minor repairs to computer equipaent. April 30 The company paid $1,050 cash for this month's telephone bith. Aprit 30 The company paid $1,560 cash in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $100 expired this month. b. At the end of the month, $400 of office supplies are still avallable. c. This month's depreciation on computer equipment is $400. d. Employees earned $560 of unpald and unrecorded salaries as of month-end. e. The company earned $2,100 of commissions revenue that is not yet recorded at month-end. 1. \& 2. Prenare iournal entries to record the transartions for Anril and onst them to ledner accounts in Renuirement 68 GI tab. The Required: Reuired: 1. 8. 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6B GL tab, prepare an unadjusted trial balance as of April 30. 4. Journalize the adjusting entries for the month, and then post to the ledger on Requirement 68 GL tob, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Requirement 6BGL tab, prepare an adjusted trial balance as of April 30. 5b. Prepare the income statement for the month of April 30. 5c. Prepare the statement of retained earnings for the month of April 30 . 5d. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 68 GL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Using account balances from Requirement 6B, prepare an unadjusted trial balance as of April 30 . Journalize the adjusting entries for the month, and then post to the ledger on Requirement 6B GL tab, usins date. (Do not round intermediate calculations and round the final answers to nearest whole number.) Journal entry worksheet Prepaid insurance of $100 expired this month. Record the required adjusting entry, if any. Note: Enter debits before credits. Journal entry worksheet 5 At the end of the month, $400 of office supplies are still available. Record the required adjusting entry, if any. Note: Enter debits before credits. Journal entry worksheet This month's depreciation on computer equipment is $400. Record the required adjusting entry, if any. Note: Enter debits before credits. Journal entry worksheet 1 (2) Employees earned $560 of unpaid and unrecorded salaries as of month-end. Record the required adjusting entry, if any. Note: Enter debits before credits. Journal entry worksheet The company earned $2,100 of commissions revenue that is not yet recorded at month-end. Record the required adjusting entry, if any. Note: Enter debits before credits. Prepare the income statement for the month of April 30. Prepare the statement of retained earnings for the month of April 30. Prepare the balance sheet at April 30. Prepare journal entries to close the temporary accounts and then post to Requirement 6B GL tab, using April 30 Journal entry worksheet Record the entry to close the revenue account(s). Note: Enter debits before credits. Journal entry worksheet Record the entry to close the expense account(s). Note: Enter debits before credits. Journal entry worksheet Record the entry to close the income summary. Note: Enter debits before credits. Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits. ate for all adjusting entries, and April 30 close as date for all closing ent Prepare a post-closing trial balance. On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month, Aprit 2 Nozomi. invested $37,080 cash and computer equipnent worth $30, e0e in the company in exchange tor its common stock. Aprit 3 The company rented furnished office space by paying $1,900 cash for the first month's (Aprit) rent. Aprit 4 The company purchased $1,709 of office supplies for cash. April 10 The company paid $1,880 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 the company paid \$1,880 cash for two weeks' salaries earned by epployees. April 24 The company collected $13,500 cash for conmissions revenue. April 28 The company paid 51,800 cash for two weeks' salaries earned by eoployees. Aprit 29 The company paid $300 cash for minor repairs to computer equipaent. April 30 The company paid $1,050 cash for this month's telephone bith. Aprit 30 The company paid $1,560 cash in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $100 expired this month. b. At the end of the month, $400 of office supplies are still avallable. c. This month's depreciation on computer equipment is $400. d. Employees earned $560 of unpald and unrecorded salaries as of month-end. e. The company earned $2,100 of commissions revenue that is not yet recorded at month-end. 1. \& 2. Prenare iournal entries to record the transartions for Anril and onst them to ledner accounts in Renuirement 68 GI tab. The Required: Reuired: 1. 8. 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6B GL tab, prepare an unadjusted trial balance as of April 30. 4. Journalize the adjusting entries for the month, and then post to the ledger on Requirement 68 GL tob, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Requirement 6BGL tab, prepare an adjusted trial balance as of April 30. 5b. Prepare the income statement for the month of April 30. 5c. Prepare the statement of retained earnings for the month of April 30 . 5d. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 68 GL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Using account balances from Requirement 6B, prepare an unadjusted trial balance as of April 30 . Journalize the adjusting entries for the month, and then post to the ledger on Requirement 6B GL tab, usins date. (Do not round intermediate calculations and round the final answers to nearest whole number.) Journal entry worksheet Prepaid insurance of $100 expired this month. Record the required adjusting entry, if any. Note: Enter debits before credits. Journal entry worksheet 5 At the end of the month, $400 of office supplies are still available. Record the required adjusting entry, if any. Note: Enter debits before credits. Journal entry worksheet This month's depreciation on computer equipment is $400. Record the required adjusting entry, if any. Note: Enter debits before credits. Journal entry worksheet 1 (2) Employees earned $560 of unpaid and unrecorded salaries as of month-end. Record the required adjusting entry, if any. Note: Enter debits before credits. Journal entry worksheet The company earned $2,100 of commissions revenue that is not yet recorded at month-end. Record the required adjusting entry, if any. Note: Enter debits before credits. Prepare the income statement for the month of April 30. Prepare the statement of retained earnings for the month of April 30. Prepare the balance sheet at April 30. Prepare journal entries to close the temporary accounts and then post to Requirement 6B GL tab, using April 30 Journal entry worksheet Record the entry to close the revenue account(s). Note: Enter debits before credits. Journal entry worksheet Record the entry to close the expense account(s). Note: Enter debits before credits. Journal entry worksheet Record the entry to close the income summary. Note: Enter debits before credits. Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits. ate for all adjusting entries, and April 30 close as date for all closing ent Prepare a post-closing trial balance

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