On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. Apri1 2 Nozomi invested $45,090 cash and computer equlpment worth $35,000 in the company in exchange for Its comon stock. Apri1 3 the company rented furnished office space by paying 52,500 cash for the first month's (Apri1) rent. Apri1 4 The company purchased $1,800 of office supplies for cash. Apri1 10 The company paid $2,520 cash for a 12 -month insurance pollcy. Coverage begins on Apri1 11. Apri1 14. The coppany paid 3900 cash for tio weeks' solaries earned by enployees. Apr11 24 the cospany collected $11,000 cash for comissions revenue. Apri1 20 . The compony pald $900 cash for two weeks" solarles earned by employeet. Apr11 29 The company poid ssee cash for minor repalrs to conputer equipnent. Apr11 3e the company pald $1,550 cash for this eonth's telephone b111. Apr11 30 the company poid $1,5,ste cash in dividends. Use the following information to prepare adusting entries. a. Prepoid insurance of $140 expired this month b. At the end of the month, 5700 of office supplies are still avaitable. c. This month's depreciation on computer equipment is $500 d. Employees earned $310 of unpaid and unrecorded salares as of month-end e. The compary reatned $2,250 of commissions revenue that is not yet recorded at month-end. Required: 1. \& 2. Prepare joumal entries to record the transactions for Aorl and post them to lecger accounts in Hequiremerit 68 G Gab the The company records prepaid and uneamed tems in batance sheet occounts 3. Using account balances from fiequirement 6B GL Lab, prepore al unatjusted tral balance as of Apeil 30. the date 56. Using acjusted account balances from Requirement 68GL. tah. prepare at acjuctod trial balance lis of Aori to 5b. Pregare the income satement for the month af Aaci 30 . 5c. Prepore the statement of retaried eamings for the month of Apri Jo 5d. Piepare the bolance sheet at April 30 . 6b. Post the journat entries to the ledget. 7. Prepare a posticlosing tral baimict Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for the month of April 30 . On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. Apri1 2 Nozomi invested $45,090 cash and computer equlpment worth $35,000 in the company in exchange for Its comon stock. Apri1 3 the company rented furnished office space by paying 52,500 cash for the first month's (Apri1) rent. Apri1 4 The company purchased $1,800 of office supplies for cash. Apri1 10 The company paid $2,520 cash for a 12 -month insurance pollcy. Coverage begins on Apri1 11. Apri1 14. The coppany paid 3900 cash for tio weeks' solaries earned by enployees. Apr11 24 the cospany collected $11,000 cash for comissions revenue. Apri1 20 . The compony pald $900 cash for two weeks" solarles earned by employeet. Apr11 29 The company poid ssee cash for minor repalrs to conputer equipnent. Apr11 3e the company pald $1,550 cash for this eonth's telephone b111. Apr11 30 the company poid $1,5,ste cash in dividends. Use the following information to prepare adusting entries. a. Prepoid insurance of $140 expired this month b. At the end of the month, 5700 of office supplies are still avaitable. c. This month's depreciation on computer equipment is $500 d. Employees earned $310 of unpaid and unrecorded salares as of month-end e. The compary reatned $2,250 of commissions revenue that is not yet recorded at month-end. Required: 1. \& 2. Prepare joumal entries to record the transactions for Aorl and post them to lecger accounts in Hequiremerit 68 G Gab the The company records prepaid and uneamed tems in batance sheet occounts 3. Using account balances from fiequirement 6B GL Lab, prepore al unatjusted tral balance as of Apeil 30. the date 56. Using acjusted account balances from Requirement 68GL. tah. prepare at acjuctod trial balance lis of Aori to 5b. Pregare the income satement for the month af Aaci 30 . 5c. Prepore the statement of retaried eamings for the month of Apri Jo 5d. Piepare the bolance sheet at April 30 . 6b. Post the journat entries to the ledget. 7. Prepare a posticlosing tral baimict Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for the month of April 30
