On April 1Jiro Nozomi created a new travel agencyAdventure Travel. The following transactions occurred during the company's first month.

JOURNAl ENTRY

On April 1, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month. April Nozoni invested $37,000 cash and computer equipment worth $30,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. 3 The company purchased $2,000 of office supplies for cash. 10 The company paid $2,600 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,300 cash for two weeks' salaries earned by employees. 24 The company collected $13,000 cash for comissions earned. 28 The company paid $1,300 cash for two weeks' salarias earned by employees. 29 The company paid $400 cash for minor repair to the company's computer. 30 The company paid $1,200 cash for this month's telephone bill. 30 The company paid $1,800 cash in dividends. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office Supplies 129 Prepaid Insurance 167 Computer Equipment 168 Mecumulated Depreciation Computer Equip. 209 Salaris Payable 307 Common Stock 318 Betained Earnings 319 Dividende 405 Commissione larned 612 Depreciation Expense-Computer Equip. 622 Salaries Expense 63% Traurance Expense 640 Rent pense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Theone Smary Use the following information a. Prepaid Insurance of $144 has expired this month b. At the end of the month, $700 of office supplies are still available, c. This month's depreciation on the computer equipment is $600. d. Employees earned $350 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,400 of commissions that are not yet billed at month-end Required: 1. & 2. Prepare 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 3. Using account balances from Requirement bo, prepare an unaajustea thai balance as of Apni 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 retained earnings 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 Rec 3 Reg 4 Adj Entries Reg 4 Adj Trial Bal Reg SA Reg 58 Reg 5C Req6A Reg 68 GL Req 7 Prepare 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. View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 10 Nozomi invested $37,000 cash and computer equipment worth $30,000 in the company in exchange for common stock Note: Enter debits before credits General Journal Date April 01 Debit Credit Prev 1 1 1 TCUT prepaid and unearned items in balance sheet accounts. View transaction list Journal entry worksheet 10 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. Note: Enter debits before credits. General Journal Debit Credit Date April 02 Record entry Clear entry View general Journal Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Adj Entries Req 4 Adj Trial Bal Req 5A Req 5B Reg 5C Reg 6A Prepare journal entries to record the transactions for April and post them to the ledger accounts in records prepaid and unearned items in balance sheet accounts. View transaction list Journal entry worksheet The company paid $1,300 cash for two weeks' salaries earned by employees. Note: Enter debits before credits. General Journal Debit Credit Date April 14 Record entry Clear entry View general journal Prev Prev 1 of 1 FRE Next View transaction list Journal entry worksheet The company paid $1,300 cash for two weeks' salaries earned by employees. Note: Enter debits before credits. Note: Enter debits before credits. General Journal Debit Credit Date April 28 Record entry Clear entry View general journal Prepare journal entries to record the transactions for April and post them to the ledger accounts in Re records prepaid and unearned items in balance sheet accounts. View transaction list Journal entry worksheet The company paid $400 cash for minor repairs to the company's computer. Note: Enter debits before credits. . General Journal Debit Credit Date April 29 IT Record entry Clear entry View general journal Prev 1 of 1 !!! Next Journal entry worksheet The company paid $1,200 cash for this month's telephone bill. Note: Enter debits before credits. General Journal Debit Credit Date April 30 Record entry Clear entry View general journal COTTICU rems in balance sheet accounts. View transaction list Journal entry worksheet 2 3 4 5 67 The company paid $1,800 cash in dividends. Note: Enter debits before credits General Journal Debit Credit Date April 30 1 Record entry Clear entry View general journal Prev 1 of 1 !!! Next