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 $41, e00 cash and computer equipeent worth $35,000 in the conpany. April 3 The conpany ronted furnished office space by paying $2,600 cash for the first month's (Apri1) rent. Apri1 4 The company purchased 51,700 of office supplies for cash. Apri1 18 The company paid 52,400 cash for a 12-nonth insurance policy. Coverage begins on Apri1 11. April 14 The conpany paid $1,500 cash for two weeks. 5alari es earned by eaployees. April 24 The conpany collected 59,500 cash for commissions revenue. April 28 The company paid $1,500 cash for two weeks' salaries earned by employees. April 29 The company paid $550 cash for minor repairs to computer equipment. Apri1 30 The company paid $1,350 cash for this month's telephone bi11. Apri1 30 Nozomi withdrew $2,200 cash from the company for personal use. The company's chart of accounts follows. Use the following information to prepare adjusting entries: On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 2 Nozoni invested $45,609 cash and computer equipment worth $35,000 in the company. April 3 The conpany rented furnished office space by paying 52,300 cash for the first aonth's (April) rent. Apri1 4 the company purchased $1,699 of office supplies for cash. April 10 The company paid \$2, 800 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid 51,300 cash for two weeks, salaries earned by enployees. Apri1 24 the company collected $20,500 cash for contsissions revenue. April 28 The conpany paid $1,300 cash for two weoks. salaries earned by enployees. April 29 The company paid $350 cash for minor repairs to computer equipment. April 30 The coepany paid $1,550 cash for this nonth's telephone bil1. Apr 2130 Nozoni uthdrew 51,600 cash from the company for personal use. The companys chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $156 expired this month. b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on computer equipment is $500. d. Employees earned $310 of unpaid and unrecorded salaries as of month-end. e. The company eamed $1,750 of commissions revenue that is not yet recorded at monthend. Required: 1. \& 2. Prepare joumal entries to record the transactions for April and post them to ledger accounts in Req 6BGL tab. The company records prepaid and uneamed items in balance sheet accounts. 3. Using account balances from Requirement 6 b, 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 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 owner's equity 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 Req 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 \begin{tabular}{l|l|l|l|l|l|l|} 4 & 5 & 6 & 7 & 8 & 9 & 10 \end{tabular} Nozomi invested $45,000 cash and computer equipment worth $35,000 in the company. Note: Enter debits before credits: Journal entry worksheet The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. Note: Enter debits before credits. Journal entry worksheet 56 The company purchased $1,600 of office supplies for cash. Note: Enter debits before credits. Journal entry worksheet 12 5 6 7 8 9 The company paid $2,800 cash for a 12 -month insurance policy. Coverage begins on April 11. Note: Enter debits before credits. Journal entry worksheet
