On April 1, Jiro Nozomi cteated a new travel agency, Adventure Travel. The following transactions occurred during the company's first month Norit Norcollwested 337.000 cash and computer equipment worth $35.000 in the company 2 The company rented furnished office space by paying 32,600 ch for the first onth (April) rent 3. The company purchased 31.000 of office supplies for con 10 The Company Did $2,100 Cash for the premium on 12-month intrince policy. Coverage beina on April 11 14 The company paid $1,600 cash for two weeks warned by employee The con collected $8.500 cash for consumed 28 The company paid $1.000 cash for two week alles endly employees 29 The company paid $400 cash for stor repairs to the company computer The company paid $1. 100 cash for this month telephone 11. 10 Hotel withdrew 12 cash from the company for personal The company's chart of accounts follows: 101 Cash 106 Account celable 126 ottic 335 Prada 107 Couter Accumulated precision O Serie Pays 2011 C 30 J. With 405 Commons Erned 612 Denieciation Expense-Computer Coil Sie 637 Inde en 6 Punt Exe 650 Ottice Site 684 Repair 6 Town 901 Tamary Use the following information 6. Prepaid insurance of $117 has expired this month b. At the end of the month $600 of office supplies are still available, c. This month's depreciation on the computer equipment is $500. PES 1 of 1 Nox 1 101 Tap 1 105 Necounts Recovable 124 Ottice Supplies 128 Prepaid Iniurance 167 Computer Equipment 163 Locumted Depreciation Computer Equipo 09 Series Payable 301 1. Notoni, Capital 302 . Notoni Vitharwalt 405 Comission Larned 612 Depreciation Expence Computer Equip. 622 Szarlo Expen 637 Ihance Expense 600 Rent Expense 650 Orties Supplies Expo 634 Repair Expono 588 Telephone 901 Income Summary Bencs Use the following information: a. Prepaid Insurance of $117 has expired this month b. At the end of the month $600 of office supplies are still available, c. This month's depreciation on the computer equipment is $500 d. Employees earned $380 of unpaid and unrecorded salaries as of month end, e. The company earned $2,050 of commissions that are not yet billed at month end. Required: 1. & 2. Prepite Journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. 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 prepare the adjusted trial balance 5a. Prepare the income statement for the month of April 30 Sb. Prepare the statement of owner's equity for the month of April 30 5c. Prepare the balance sheet at April 30. 60. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 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 4 Adi Entries Req 4 Adj Trial Bal Req 5B Reg SA Reg 3 Req SC Req 6A Req 1 and 2 Req 6B GL Reg 7 Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. ADVENTURE TRAVEL Unadjusted Trial Balance April 30 Account Title Credit $ Debit 37,000 35,000 2.100 1.900 101 Cash 106. Accounts receivable 124 Office supplies 128. Prepaid insurance 167 Computer equipment 168 Accumulated depreciation Computer equipment 209 Salaries payable 301 J. Nazom, Capital 302 J. Nozomi, Withdrawals 405 Commissions earned 612 Depreciation expense-Computer equipment 622. Salaries expense 637 Insurance expense 646- Rent expense 650 Office supplies expense 684 Repairs expense 688 Telephone expense Total $ 76.000 $ Req 1 and 2 Reg 3 Req 4 Adj Entries Req 4 Ad) Trial Bal Reg SA Req 5B Req 5C Req 6A Reg 6B GL Reg 7 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 rou intermediate calculations and round the final answers to nearest whole number.) View transaction list Journal entry worksheet 1 2 3 4 5 > Prepaid insurance of $117 has expired this month, Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal This month's depreciation on the computer equipment is $500 Note: Enter debits de credits Transaction General Joumal Debit Credit Record entry Clear entry View general Journal Complete this question by entering your answers in the tabs below. Reg I and 2 Reg 3 Req 4 Adi Entries Reg 4 Ad) Trial Bal Ren SA Reg 58 Reg 5C Reg 6A Reg 60 GL Reg 7 Journalize the adjusting entries for the month, and then post to the ledger on Req 68 tab, using April 30 Adj, as the date. (Do not round Intermediate calculations and round the final answers to nearest whole number.) View transaction list Journal entry worksheet 2 3 4 5 Employees earned 380 of unpaid and unrecorded salaries as of month-end. Note: Enter debits before credits Transaction General Journal Debit Credit Heco try Clearly View general al Complete this question by entering your answers in the tabs below. Red 1 and 2 Reg 3 Reg 4 Ady Rag 4 Adj Entries Trial Bal Reg SA Reg 58 Reg 5C Req6A Reg 6B GL Req? Journalize the adjusting entries for the month, and then post to the ledger on Req6B tab, using April 30 Adj, as the date. (Do not round Intermediate calculations and round the final answers to nearest whole number) View transactions list Journal entry worksheet 1 5 The company earned $2,050 of commissions that are not yet billed at month end Note: Enter debits before credits Transactions General Journal Det Credit secard entry Clear entry View general Journal Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 Ad) Entries Reg 4 Adj Trial Bal Reg SA Reg 5e Reg 5C Reg 6A Reg 6B GL Reg 7 Using adjusted account balances from Requirement ob, prepare an adjusted trial balance as of April 30. ADVENTURE TRAVEL Adjusted Trial Balance April 30 Account Title Debit Credit es 101 Cash 106 Accounts receivable 124. Office supplies 128 Prepaid insurance 167 Computer equipment 168: Accumulated depreciation---Computer equipment 209. Salaries payable 301:JNozomi Capital 302 J. Nozomi, Withdrawals 405 Commissions earned 612 Depreciation expense Computer equipment 622 Salaries expense 637 Insurance expense 540 Rent expense 650 Office supplies expense 684 Repairs expense 603 Telephone expense Total $ $ Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Req 4 Adj Entries Req 4 Adi Trial Bal Reg SA Reg 5B Reg SC Reg 6A Reg 6B GL Reg 7 Prepare the income statement for the month of April 30. ADVENTURE TRAVEL Income Statement For Month Ended April 30 Revenues Expenses Total expenses 0 $ 0 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 prepare the adjusted trial balance 5a. Prepare the income statement for the month of April 30 5b. Prepare the statement of owner's equity for the month of April 30. 5c. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 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 Reg 4 Adj Reg 4 Ad) Req3 Entries Trial Bal Reg SA Reg 5B Reg 5C Reg 6A Req 6B GL Reg 7 Prepare the statement of owner's equity for the month of April 30. (Amounts to be deducted should be entered with a minus sign.) ADVENTURE TRAVEL Statement of Owner's Equity For Month Ended April 30 J. Nozomi, Capital, April 1 $ 0 0 J. Noromni. Capital, April 30 $ 0 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Adj Entries Reg 4 Adj Trial Bal Reg SA Reg 5B Req 5C Reg 6A Reg 6B GL Reg 7 Prepare the balance sheet at April 30. ADVENTURE TRAVEL Balance Sheet April 30 0 Total assets $ Total liabilities and equity 5 0 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Adj Req 4 Adj Entries Trial Bal Req 5A Reg 5B Reg 5C Req 6A Req 6B GL RE Prepare journal entries to close the temporary accounts and then post to Req 6B General Ledger, using April 30 Close View transaction list Journal entry worksheet 1 2 3 Record the entry to close revenue account(s). Note: Enter debits before credits. General Journal Debit Date April 30 Credit Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Adj Reg 4 Adj Entries Trial Bal Reg 5A Reg 5B Reg 5C Reg 6A Reg 6B GL Rec Prepare journal entries to close the temporary accounts and then post to Req 6B General Ledger, using April 30 Close a View transaction list Journal entry worksheet Record the entry to close expense account(s). Note: Enter debits before credits. General Journal Date April 30 Debit Credit Record entry Clear entry View general Journal Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Ad) Entries Req 4 Adj Trial Bal Req 5A Reg 5B Reg 5C Reg 6 Req 6B GL Reg 7 Prepare journal entries to close the temporary accounts and then post to Req6B General Ledger, using April 30 Close as the date View transaction list Journal entry worksheet Record the entry to close income summary Note: Enter debits before credits General Journal Date April 30 Debit Credit Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3. Reg4 Adi Reg 4 Adj Entries Trial Bal Req 5A Reg 58 Reg 5C Reg 6 Req 6B GL Req 7 Prepare journal entries to close the temporary accounts and then post to Req 6B General Ledger, using April 30 Close as the date. View transaction list Journal entry worksheet Req 1 and 2 Reg 3 Req 4 Adj Entries Req 4 Ad) Trial Bal Reg SA Req 5B Req 5C Req 6A Reg 6B GL Reg 7 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 rou intermediate calculations and round the final answers to nearest whole number.) View transaction list Journal entry worksheet 1 2 3 4 5 > Prepaid insurance of $117 has expired this month, Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal This month's depreciation on the computer equipment is $500 Note: Enter debits de credits Transaction General Joumal Debit Credit Record entry Clear entry View general Journal Complete this question by entering your answers in the tabs below. Reg I and 2 Reg 3 Req 4 Adi Entries Reg 4 Ad) Trial Bal Ren SA Reg 58 Reg 5C Reg 6A Reg 60 GL Reg 7 Journalize the adjusting entries for the month, and then post to the ledger on Req 68 tab, using April 30 Adj, as the date. (Do not round Intermediate calculations and round the final answers to nearest whole number.) View transaction list Journal entry worksheet 2 3 4 5 Employees earned 380 of unpaid and unrecorded salaries as of month-end. Note: Enter debits before credits Transaction General Journal Debit Credit Heco try Clearly View general al Complete this question by entering your answers in the tabs below. Red 1 and 2 Reg 3 Reg 4 Ady Rag 4 Adj Entries Trial Bal Reg SA Reg 58 Reg 5C Req6A Reg 6B GL Req? Journalize the adjusting entries for the month, and then post to the ledger on Req6B tab, using April 30 Adj, as the date. (Do not round Intermediate calculations and round the final answers to nearest whole number) View transactions list Journal entry worksheet 1 5 The company earned $2,050 of commissions that are not yet billed at month end Note: Enter debits before credits Transactions General Journal Det Credit secard entry Clear entry View general Journal Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 Ad) Entries Reg 4 Adj Trial Bal Reg SA Reg 5e Reg 5C Reg 6A Reg 6B GL Reg 7 Using adjusted account balances from Requirement ob, prepare an adjusted trial balance as of April 30. ADVENTURE TRAVEL Adjusted Trial Balance April 30 Account Title Debit Credit es 101 Cash 106 Accounts receivable 124. Office supplies 128 Prepaid insurance 167 Computer equipment 168: Accumulated depreciation---Computer equipment 209. Salaries payable 301:JNozomi Capital 302 J. Nozomi, Withdrawals 405 Commissions earned 612 Depreciation expense Computer equipment 622 Salaries expense 637 Insurance expense 540 Rent expense 650 Office supplies expense 684 Repairs expense 603 Telephone expense Total $ $ Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Req 4 Adj Entries Req 4 Adi Trial Bal Reg SA Reg 5B Reg SC Reg 6A Reg 6B GL Reg 7 Prepare the income statement for the month of April 30. ADVENTURE TRAVEL Income Statement For Month Ended April 30 Revenues Expenses Total expenses 0 $ 0 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 prepare the adjusted trial balance 5a. Prepare the income statement for the month of April 30 5b. Prepare the statement of owner's equity for the month of April 30. 5c. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 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 Reg 4 Adj Reg 4 Ad) Req3 Entries Trial Bal Reg SA Reg 5B Reg 5C Reg 6A Req 6B GL Reg 7 Prepare the statement of owner's equity for the month of April 30. (Amounts to be deducted should be entered with a minus sign.) ADVENTURE TRAVEL Statement of Owner's Equity For Month Ended April 30 J. Nozomi, Capital, April 1 $ 0 0 J. Noromni. Capital, April 30 $ 0 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Adj Entries Reg 4 Adj Trial Bal Reg SA Reg 5B Req 5C Reg 6A Reg 6B GL Reg 7 Prepare the balance sheet at April 30. ADVENTURE TRAVEL Balance Sheet April 30 0 Total assets $ Total liabilities and equity 5 0 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Adj Req 4 Adj Entries Trial Bal Req 5A Reg 5B Reg 5C Req 6A Req 6B GL RE Prepare journal entries to close the temporary accounts and then post to Req 6B General Ledger, using April 30 Close View transaction list Journal entry worksheet 1 2 3 Record the entry to close revenue account(s). Note: Enter debits before credits. General Journal Debit Date April 30 Credit Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Adj Reg 4 Adj Entries Trial Bal Reg 5A Reg 5B Reg 5C Reg 6A Reg 6B GL Rec Prepare journal entries to close the temporary accounts and then post to Req 6B General Ledger, using April 30 Close a View transaction list Journal entry worksheet Record the entry to close expense account(s). Note: Enter debits before credits. General Journal Date April 30 Debit Credit Record entry Clear entry View general Journal Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Ad) Entries Req 4 Adj Trial Bal Req 5A Reg 5B Reg 5C Reg 6 Req 6B GL Reg 7 Prepare journal entries to close the temporary accounts and then post to Req6B General Ledger, using April 30 Close as the date View transaction list Journal entry worksheet Record the entry to close income summary Note: Enter debits before credits General Journal Date April 30 Debit Credit Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3. Reg4 Adi Reg 4 Adj Entries Trial Bal Req 5A Reg 58 Reg 5C Reg 6 Req 6B GL Req 7 Prepare journal entries to close the temporary accounts and then post to Req 6B General Ledger, using April 30 Close as the date. View transaction list Journal entry worksheet