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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. April 2 Mozond invested
On April 1, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month. April 2 Mozond invested $30,000 cash and conputer equipment worth $20,000 in the company in exchane for 1ts cornon stock. hpr1l 3 The conpazy reated furniahed oftlce apace by paying $1, too cash for the first month'a (Npril) reat. April \& The coapany parchased $1,000 of office supplies for cash. Apri1 10 The conpany paid $2,400 cash for a 12-nonth insurance policy, coverape begins on april 11. April 14 The conpary paid $1,600 cash for two weeks' salarles earned by exployees. April 24 The compazy collected $6,000 caah for cormlsaloas revenue. Apr-1 26 The conpazy pald $1,600 cash for two weeks' salarles earned by exployees. April 29 The company paid $350 cash tor ninor repalrs to conputer equipnent. April 30 The conpany paid 5750 cash for this month'a telephone bili. The companv's chart of accounts follows. Use the following information to prepare ad]usting entries: a. Prepaid insurance of $133 explred this month. b. At the end of the month, $600 of office supplies are still avallable. 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 $1750 of commissions revenue that is not yet recorded at month-end. Required: 1. \& 2. Prepare joumal entries to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab. The company records prepald and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6BGL tab, prepare an unad, usted trial balance as of April 30 . 4. Journalize the adjusting entries for the month, and then post to the ledger on Requirement 6BGL tab, 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 6B GL tab, using April 30Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Prepare journal entries to record the transactions for April and post them to ledger accounts in Req prepaid and uneamed items in balance sheet accounts. Note: Enter debits before credits. Note: Enter debits before crecits. roce: Enter cevits vesure crecits. Journal entry worksheet The company paid $1,600 cash for two weeks' salaries eamed by employees. Note: Enter debits before credits. Journal entrv worksheet Journal entrv worksheet Note: Enter deorts derore creors. Note: Enter deorts derore creors. The company paid $1,600 cash for two weeks' salaries earned by employees. Note: Enter debits before credits. Journal entrv worksheet Note! Enter debits before credits. Note: Enter debits before crecits. Note: Enter debits before credits
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