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On Aprll 1, Jro Nozoml created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 3 The company
On Aprll 1, Jro Nozoml created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 3 The company rented furnished office space by paying $1,609 cash for the first month's (April) rent. April 4 The company purchased $2, of office supplies for cash. April 10 The company paid $3,6 cash for a 12-month insurance policy. Coverage begins on April 11 . April 14 The company paid $1,360 cash for two weeks' salaries earned by employees. April 24 The company collected $11, cash for commissions revenue. April 28 The company paid $1,30 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 $1,450 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 explred this month. b. At the end of the month, $500 of office supplies are still avallable. c. This month's depreclation on computer equipment is $500. d. Employees earned $540 of unpald and unrecorded salarles as of month-end. e. The company earned $1,900 of commissions revenue that is not yet recorded at month-end. Requlred: 1. \& 2. Prepare journal entrles to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab. The company records prepald and unearned Items in balance sheet accounts. 3. UsIng account balances from Requirement 6BGL tab, prepare an unadjusted trlal balance as of April 30 . 4. Journalize the adjusting entrles for the month, and then post to the ledger on Requirement 6B GL tab, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Requirement 6B GL tab, prepare an adjusted trial balance as of April 30 . 5b. Prepare the Income statement for the month of April 30 . 5c. Prepare the statement of retained earnings for the month of April 30 . 5d. Prepare the balance sheet at Aprll 30 . 6a. Prepare journal entrles to close the temporary accounts and then post to Requlrement 6B GL tab, usIng April 30 Close as the date. 6 b. Post the journal entrles to the ledger. 7. Prepare a post-closing trial balance. Usina account balances from Requirement 6B. oreoare an unadiusted trial balance as of April 30. Journalize the adjusting entries for the month, and then post to the ledger on Requirement 6B GL tab, using April 30 Adjusted as the date. (Do not round intermediate calculations and round the final answers to nearest whole number.) Journal entry worksheet 2345 Prepaid insurance of $170 expired this month. Record the required adjusting entry, if any. Note: Enter debits before credits. Using adjusted account balances from Requirement 6B GL tab, prepare an adjusted trial balance as of April 30. \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ ADVENTURE TRAVEL } & \\ \hline \multicolumn{1}{|c|}{ Adjusted Trial Balance } & Cpril 30 & \\ \hline \multicolumn{1}{|c|}{ Account Title } & & \\ \hline 101: Cash & & \\ \hline 106: Accounts receivable & & \\ \hline 124: Office supplies & & \\ \hline 128: Prepaid insurance & & \\ \hline 167: Computer equipment & & \\ \hline 168: Accumulated depreciation-Computer equipment & & \\ \hline 209: Salaries payable & & \\ \hline 307: Common stock & & \\ \hline 318: Retained earnings & & \\ \hline 319: Dividends & & \\ \hline 403: Commissions revenue & & \\ \hline 612: Depreciation expense-Computer equipment & & \\ \hline 622: Salaries expense & & \\ \hline 637: Insurance expense & & \\ \hline 640: Rent expense & & \\ \hline 650: Office supplies expense & & \\ \hline 684: Repairs expense & & \\ \hline 688: Telephone expense & & \\ \hline \multicolumn{1}{|c|}{ Totals } & & \\ \hline \end{tabular} Using adjusted account balances from Requirement 6B GL tab, prepare an adjusted trial balance as of April 30. \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ ADVENTURE TRAVEL } & \\ \hline \multicolumn{1}{|c|}{ Adjusted Trial Balance } & Cpril 30 & \\ \hline \multicolumn{1}{|c|}{ Account Title } & & \\ \hline 101: Cash & & \\ \hline 106: Accounts receivable & & \\ \hline 124: Office supplies & & \\ \hline 128: Prepaid insurance & & \\ \hline 167: Computer equipment & & \\ \hline 168: Accumulated depreciation-Computer equipment & & \\ \hline 209: Salaries payable & & \\ \hline 307: Common stock & & \\ \hline 318: Retained earnings & & \\ \hline 319: Dividends & & \\ \hline 403: Commissions revenue & & \\ \hline 612: Depreciation expense-Computer equipment & & \\ \hline 622: Salaries expense & & \\ \hline 637: Insurance expense & & \\ \hline 640: Rent expense & & \\ \hline 650: Office supplies expense & & \\ \hline 684: Repairs expense & & \\ \hline 688: Telephone expense & & \\ \hline \multicolumn{1}{|c|}{ Totals } & & \\ \hline \end{tabular} Prepare the income statement for the month of April 30. Prepare the statement of retained earnings for the month of April 30 . Prepare the balance sheet at April 30 . rote; chser dedrss cerore creditz. Jar cirly vursicte
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