On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. PLEASE help
On April 1, Jiro Nozoml created a new travel agency, Adventure Travel. The following transactlons occurred during the company's first month. April 2 Nozomi invested $41,000 cash and computer equipment worth $30,000 in the company. April 3 The company rented furnished office space by paying $2,700 cash for the first month's (April) rent. April 4 The company purchased $1,9e0 of office supplies for cash. April 10 The company paid $2,400 cash for a 12-month insurance policy. Coverage begins on April 11 . April 14 The company paid $1,100 cash for two weeks' salaries earned by employees. April 24 The company collected $12,eeo cash for commissions revenue. April 28 The company paid $1,100 cash for two weeks' salaries earned by employees. April 29 The company paid $400 cash for minor repairs to computer equipment. April 30 The company paid $900 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: Use the following Information to prepare adjusting entrles: a. Prepald Insurance of $133 explred this month. b. At the end of the month, $600 of office supplies are still avallable. c. This month's depreclation on computer equipment is $500. d. Employees earned $550 of unpald and unrecorded salarles as of month-end. e. The company earned $1,950 of commissions revenue that is not yet recorded at month-end. Required: 1. \& 2. Prepare journal entrles to record the transactions for Aprll and post them to ledger accounts In Req 6BGL tab. The company records prepald and unearned Items in balance sheet accounts. 3. Using account balances from Requirement 6b, prepare an unadjusted trlal balance as of April 30 . 4. Journalize the adjusting entrles 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 trlal balance as of April 30. 5b. Prepare the Income statement for the month of Aprll 30. 5c. Prepare the statement of owner's equlty for the month of April 30. 5d. Prepare the balance sheet at Aprll 30. 6a. Prepare Journal entrles to close the temporary accounts and then post to Req 6B GL tab, using April 30 Close as the date. 6b. Post the journal entrles to the ledger. 7. Prepare a post-closing trlal balance. Prepare journal entries to record the transactions for April and post them to ledger accounts in Req 6B GL tab. The compan records prepaid and unearned items in balance sheet accounts. Answer is not complete. Complete this question by entering your answers in the tabs below. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30 . Answer is not complete. Complete this question by entering your answers in the tabs below. Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date. Note: Do not round intermediate calculations and round the final answers to nearest whole number. Answer is not complete. Complete this question by entering your answers in the tabs below. Using adjusted account balances from Req 6B GL tab, prepare an adjusted trial balance as of April 30 . Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the income statement for the month of April 30. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the statement of owner's equity for the month of April 30. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the balance sheet at April 30 . Answer is not complete. Complete this question by entering your answers in the tabs below. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a post-closing trial balance
