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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. 2 The company rented
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. 2 The company rented furnished office space by paying $2,100 cash for the first month's (April) rent. 3 The company purchased $2,000 of office supplies for cash. 10 The company paid $2,100 cash for the premium on a 12 -month insurance policy. Coverage begins on April 11 . 14 The company paid $1,500 cash for two weeks" salaries earned by employees. 24 The company collected $16,500 cash for commissions earned. 28 The company paid $1,500 cash for two weeks' salaries earned by employees. 29 The company paid $300 cash for minor repairs to the company's computer. 30 The company paid $950 cash for this month's telephone bill. 30 The company paid $1,600 cash in dividends. The company's chart of accounts follows: Use the following information: a. Prepaid insurance of $117 has expired this month. b. At the end of the month, $400 of office supplies are still available. c. This month's depreciation on the computer equipment is $400. d. Employees earned $310 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,000 of commissions that are not yet billed at month-end. 4. Journalize the adjusting entries for the month and prepare the adjusted trial balance. 5a. Prepare the income statement for the month of April 30. 5b. Prepare the statement of retained earnings for the month of April 30. 5c. Prepare the balance sheet at April 30 . 5a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 5b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. 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 Adj. as the date. (Do not round intermediate calculations and round the final answers to nearest whole number.) Req 4 Adj Entries Req5A Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for the month of April 30 . (Amounts to be deducted should be entered with a minus sign.) Complete this question by entering your answers in the tabs below. Prepare the balance sheet at April 30 . Complete this question by entering your answers in the tabs below. Prepare journal entries to close the temporary accounts and then post to Req 6B General Ledger, using April 30 Close as the date. n2+121+211114 Complete this question by entering your answers in the tabs below. Prepare the income statement for the month of April 30 . Complete this question by entering your answers in the tabs below. Prepare a post-closing trial balance
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