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parts 1 through 5 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 5 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 Nozomi invested $46,000 cash and computer equipment worth $25,000 in the cotpany in exchange for its common stock. Apri1 3 The company rented furnished office space by paying $2,900 cash for the first month's (April) rent, Apri1 A The company purchased $1,600 of office supplies for cash. Apri1 10 - The company paid $1,980 cash for a 12 -month insurance policy. Coverage begins on April 11 . Apri1 14 . The company paid $1,100 cash for two weeks' salaries earned by enployees. Apri1. 24 The company collected $12,500 cash for conmissions revenue. Apri1 28 The company paid $1,100 cash for two weeks' salaries earned by enployees. April 29 The company paid $300 cash for minor repairs to conputer equipment. Apri1 30 The company paid $950 cash for this month' s telephone bil1. Apri1 30 The company paid $1,600 cash 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. Prepaid insurance of $110 expired this month. Record the required adjusting entry, if any. Note: Enter debits before credits. At the end of the month, $800 of office supplies are still available. Record the required adjusting entry, if any. Note: Enter debits before credits. This month's depreciation on computer equipment is $600. Record the required adjusting entry, if any. Note: Enter debits before credits. Journal entry worksheet Step by Step Solution
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