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 $39,600 cash and computer equipment worth $25,600 in the company in exchange for its common stock. April 3 The company rented furnished office space by paying $1,900 cash for the first month's (April) rent. April 4 The company purchased $1,300 of office supplies for cash. April 10 The company paid $3,60 cash for a 12 -month insurance policy. coverage begins on April 11. April 14 The company paid $900 cash for two weeks' salaries earned by employees. April 24 The company collected $11,5e0 cash for commissions revenue. April 28 The company paid $900 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 $1,000 cash for this month's telephone bill. April 30 The company paid $1,530 cash in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting entrles: a. Prepald Insurance of $170 expired 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 $300. d. Employees earned $410 of unpald and unrecorded salarles as of month-end. e. The company earned $1,800 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 Requirement 6BGL tab. The company records prepald and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6BGL tab, prepare an unadjusted trial balance as of April 30 . 4. Journalize the adjusting entrles for the month, and then post to the ledger on Requirement 6BGL tab, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Requirement 6BGL tab, prepare an adjusted trial balance as of April 30 . 5b. Prepare the income statement for the month of Aprll 30 . 5c. Prepare the statement of retalned earnings for the month of Aprll 30 . 5d. Prepare the balance sheet at Aprll 30 . 6a. Prepare journal entrles to close the temporary accounts and then post to Requirement 6BGL tab, using April 30 Close as the date. 6 b. Post the journal entrles to the ledger. 7. Prepare a post-closing trial balance. Journal entry worksheet Nozomi invested $39,000 cash and computer equipment worth $25,000 in the company in exchange for its common stock. Note: Enter debits before credits. Journal entry worksheet The company rented furnished office space by paying $1,900 cash for the first month's (April) rent. Note: Enter debits before credits. Journal entry worksheet The company purchased $1,300 of office supplies for cash. Note: Enter debits before credits. Journal entry worksheet 6789 The company paid $3,060 cash for a 12-month insurance policy. Coverage begins on April 11. Note: Enter debits before credits. Journal entry worksheet
