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On April 1, Sharon Lewis created a new travel agency, Lewis Travel. The following transactions occurred during the companys first month. Please help me from
On April 1, Sharon Lewis created a new travel agency, Lewis Travel. The following transactions occurred during the companys first month.
Please help me from 16-19! Thank you!
On April 1, Sharon Lewis created a new travel agency, Lewis Travel. The following transactions occurred during the company's first month. April 2 Lewis invested $39,000 cash and computer equipment worth $19,200 in the company. April 3 The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. April 4 The company purchased $2,400 of office supplies for cash. April 10 The company paid $2,160 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,680 cash for two weeks' salaries earned by employees. April 24 The company collected $18,000 cash for commissions revenue. April 28 The company paid $1,680 cash for two weeks' salaries earned by employees. April 29 The company paid $800 cash for minor repairs to computer equipment. April 30 The company paid $750 cash for this month's telephone bill. April 30 Lewis withdrew $1,800 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $120 expired this month. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on computer equipment is $320. d. Employees earned $672 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,760 of commissions revenue that is not yet recorded at month-end. No Date Account Title Debit Credit 1 Apr 02 Cash 39,000 19,200 Computer equipment S. Lewis, Capital 58,200 2 Apr 03 2,300 Rent expense Cash 2,300 3 3 Apr 04 2,400 Office supplies Cash 2,400 4 Apr 10 2,160 Prepaid insurance Cash 2,160 5 Apr 14 Salaries expense 1,680 Cash 1,680 5 Apr 14 Salaries expense 1,680 Cash 1,680 6 Apr 24 Cash 18,000 Commissions revenue 18,000 7 Apr 28 Salaries expense 1,680 Cash 1,680 8 Apr 29 Repairs expense 800 Cash 800 9 Apr 30 750 Telephone expense Cash 750 10 Apr 30 S. Lewis, Withdrawals 1,800 10 Apr 30 1,800 S. Lewis, Withdrawals Cash 1,800 11 Apr 30 120 Insurance expense Prepaid insurance 120 i 12 Apr 30 1,700 Office supplies expense Office supplies 1,700 13 Apr 30 320 Depreciation expense - Computer equipment Accumulated depreciation - Computer equipment 320 14 Apr 30 672 Salaries expense Salaries payable 672 15 Apr 30 Accounts receivable 1,760 13 Apr 30 320 Depreciation expense - Computer equipment Accumulated depreciation - Computer equipment 320 14 Apr 30 672 Salaries expense Salaries payable 672 15 Apr 30 Accounts receivable 1,760 Commissions revenue 1,760 16 Apr 30 No Transaction Recorded 17 Apr 30 No Transaction Recorded 18 Apr 30 No Transaction Recorded 1 12 13 14 15 . Record the entry to close the revenue account(s). Note: Enter debits before credits. Date Account Title Apr 30 Clear entry Record entry 16 17 Debit 18 19 Credit View general journal 1 12 13 14 15 16 17 18 19 Record the entry to close the expense account(s). Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 1 12 13 14 15 16 17 18 19 > Record the entry to close Income summary. Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal 1 12 13 14 15 16 17 IIII 18 19 LLLLLLLL Record the entry to close the owner's withdrawals account. Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journalStep by Step Solution
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