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parts 1 through 4 please On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first
parts 1 through 4 please
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. Apri1 2 Nozont invested $46,000 cash and conputer equipment worth $25,000 in the company in exchange for its corrmon stock. April 3 The company rented furnished office space by paying $2,900 cash for the first month's (Apri1) rent. Apri1 4 The company purchased $1,600 of office aupplien for cash. Apri1 10 The company paid $1,980 cash for a 12-month insuranice polley. Coverage begins on Apri1 11. April 14 The company paid 51,100 cash for two weeks' salaries earned by employees. Apri1, 24 The conpany collected $12,500 cash for conminsions revenue. Apri1 28 The company paid $1,100 cash for two veeks' salaries earned by enployees. April 29 The conpany paid $300 cash for minor repairs to computer equipment. Apri2 30 the company paid $950 cash for this month's telephone bill. April 30 The company paid $1,600 caah in dividende. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $110 expired this month. b. At the end of the month, $800 of office supplies are still available. c. This month's depreciation on computer equipment is $600. d. Employees earned $470 of unpaid and unrecorded salaries as of month-end. e. The company earned $2.050 of commissions revenue that is not yet recorded at month-end. Journal entry worksheet 4 Record the entry to close the revenue account(s). Note: Enter debits before credits. Journal entry worksheet Step by Step Solution
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