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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. Apr. I Noxomi imvested

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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. Apr. I Noxomi imvested $30,000 eash and computet equipment worth $20,000 in the company. 2 The company rented furnished office space by paying $1,800 eash for the first month's (April) rent: 3 The company purchased $1,000 of office sapplies for eash. 10. The company paid \$2,400 eash for the premium ou a 12-month insurance policy. Coverage begins on April i1. 14 The company paid $1,600 cash for two weeks' salaries eamed by employees. 24 The company collected $8,000 cash for commissions eamed. 28 The company paid $1,600 eash for two weeks' salaries earned by employees. 29 The company paid $350 cash for minor repairs to the company's computer. 30 The company paid $750 eash for this month's telephone ball. 30 Nonomi withdrew \$1,500 eash from the corapany for personal nse. The company's chart of accounts follows. 1. Use the balance column format to set up each ledger account listed in its chart of accounts. 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts. The company records prepaid and unearned items in balance sheet accounts. 3. Prepare an unadjusted trial balance as of A pril 30. Check (3) Unach), trial batance totals, $58,000 4. Use the following information to journalize and post adjusting entries for the month: a. Prepaid insurance of $133 has expired this month. (4a) Dr. insurance Expense, $133 b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on the computer equipment is $500. d. Employees earned $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,750 of commissions that are not yet billed at month-end. 5. Prepare the adjusted trial balance as of April 30 . Prepare the income statement and the statement of owner's equity for the month of April and the balance sheet at April 30. 15. Net income $2.297 Tothi assets $5117 6. Prepare journal entries to close the temporary accounts and post these entries to the ledger. 7. Prepare a post-closing trial balance

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