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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 Nozomi 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 Nozomi invested $32,000 cash and computer equipment worth $40,000 in the company.. April The company rented furnished office space by paying $1,700 cash for the first month's (April) rent. April 4 The company purchased $1,500 of office supplies for cash, April 10 The company paid $2,200 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,700 cash for two weeks' salaries earned by employees. April 24 The company collected $11,500 cash for commissions revenue. April 28 The company paid $1,700 cash for two weeks salaries earned by employees. April 29 The company paid $450 cash for minor repairs to computer equipment. April 30 The company paid $1,400 cash for this month's telephone bill. April 30 Nozomi withdrew $2,300 cash from the company for personal use. The company's chart of accounts follows: 101 Cash 4 106 Accounts Receivable: 124 Office Supplies 128 Prepaid Insurance. 167 Computer Equipment 403 Commissions Revenue 612 Depreciation Expense-Computer Equipment 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 168 Accumulated Depreciation-Computer Equipment 650 Office Supplies Expense 209 Salaries Payable 684 Repairs Expense 301 3. Nozomi, Capital 688 Telephone Expense 302 3. Nozomi, Withdrawals 901 Income Summary Use the following information to prepare adjusting entries a. Prepaid insurance of $122 expired this month b. At the end of the month, $700 of office supplies are still available 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 $1,600 of commissions revenue that is not yet recorded at month-end Required: 1. & 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Req 6B GL tab. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30 4. Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date 5a. Using adjusted account balances from Req 6B GL 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 owner's equity 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 Req 6B GL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5A Req 58 Req 5C Req 5D Req 6A Req 68 GL Req 7 Prepare journal entries to record the transactions for April and post them to ledger accounts in Req 6B GL tab. The company records) prepaid and unearned items in balance sheet accounts. Following are accounts and year-end adjusted balances of Cruz Company as of December 31. Number 101 Account Title Cash 126 Supplies 128 Prepaid insurance 167 168 301 302 403 Services revenue 612 Equipment Accumulated depreciation-Equipment A. Cruz, Capital A. Cruz, Withdrawals Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense 640 Rent expense 652 Supplies expense Totals Debit $ 19,000 Credit 13,000 3,000 24,000 $ 7,500 47,600 7,000 44,000 3,000 22,000 2,500 3,400 2,200 $ 99,100 $ 99,100 1. Prepare the December 31 closing entries. The account number for Income Summary is 901. 2. Prepare the December 31 post-closing trial balance. Note The A. Cruz, Capital account balance was $47,600 on December 31 of the prior year Complete this questions by entering your answers in the tabs below. Required 1 Required 2 Prepare the December 31 post-closing trial balance. Note: The A. Cruz, Capital account balance was $47,600 on December 31 of the prior year. CRUZ.COMmsinr

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