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!! On April 1, Jose Garcia created a new travel agency. Garcia Travel. The following transactions occurred during the company's first month. Apri1 2 Garcia
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On April 1, Jose Garcia created a new travel agency. Garcia Travel. The following transactions occurred during the company's first month. Apri1 2 Garcia invested $38,600 cash and computer equipment worth $11,400 in the company. April 3. The company rented furnished office space by paying $2,600 cash for the first month's (April) rent. April 4 The company purchased $1,200 of office supplies for cash. April 10 The company paid 51,800 cash for a 12-month insurance policy. Coverage begins on Apri1 11. April 14 The company paid $1,540 cash for two weeks' salaries earned by employees. April 24 The cospany collected $24,660 cash for commissions revenue. April 28 The conpany paid $1,540 cash for two weeks' salaries earned by employees. April 29 The company paid 365e cash for minor repairs to computer equipment. April 30 The company paid $480 cash for this month's telephone bil1. April 30 Garcia withdrew $1,700 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $100 expired this month. b. At the end of the month, $600 of office supplies are still avallable. c. This month's depreciation on computer equipment is $190. d. Employees earned $616 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,830 of commissions revenue that is not yet recorded at month-end. Begin by selecting "Post-closing" from the drop-down below. Then, for each account, use the drop-down to indicate whether the account is included on the post-closing trial balance. Based on your decisions, the post-closing trial balance will be created. Compare your results with the Trial Balance tab Step by Step Solution
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