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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. Apri1 2 Nozonl inveated
On April 1, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month. Apri1 2 Nozonl inveated $30,000 cash and conputer equipaent worth 520,000 In the conpany 1n ewchaage for its cornon Apr11 3 The compasy rented furalahed otfiee apace by paying 81 , boo eash for the f1rat nosth'a (kpril) rent. April 14 The compaay poid $1,600 canh tor two veoks aalariea earaed by erploycea April 30 The congeny pald 3750 cash for thls month's telephone bl equiprent. Using account balances from Requirement 6BGLLab, prepare an unadjusted trial balance The company's chart of accounts follows. Use the following information to prepare adjusting entries: a. Prepaid insurance of $133 expired this month. b. At the end of the month, $600 of office supplies are st ll avallabie. c. This month's depreciation on 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 revenue that is not yet recorded at month-end. Required: 1. \& 2. Prepare Joumal entries to record the transactions for Aprll and post them to ledger accounts in Requirement 6B GL tab. The Required: 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 68GL tob, using April 30 Adjusted as the date. 5a. Using ad Justed account balances from Requirement 6B GL tab, prepare an adjusted trial balance as of Aprll 30. 5b. Prepare the income statement for the month of April 30. 5c. Prepare the statement of retained eornings for the month of April 30. 5d. Prepare the balance sheet at April 30 . 6a. Prepare joumal entries to close the temporary accounts and then post to Requirement 6BGL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger 7. Prepare a post-closing trial balance. Journal entry worksheet 2345 Record the required adjusting entry, if aty. Prepaid insurance of $133 expired this month. Journal entry worksheet Record the required adjusting entry, if any. At the end of the month, $600 of office supplies are still available. Journal entry worksheet Record the required adjusting entry, if any. This month's depreciation on computer equipment is $500. Note: Enter debits before credss Note: Enter debits before credits Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet 5 Record the required adjusting entry, if any. Employees earned $420 of unpaid and unrecorded salaries as of month-end.
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