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Please answer all current assets, plant assets, current liabilities, and equity On April 1. Paul Brown created a new travel agency, Brown Travel. The following
Please answer all current assets, plant assets, current liabilities, and equity
On April 1. Paul Brown created a new travel agency, Brown Travel. The following transactions occurred during the company's first month. April 2 Brown invested $31,000 cash and computer equipment worth $7,280 in the company. April 3 The company rented furnished office space by paying $1,900 cash for the first month's (April) rent. April 4 The company purchased $1,200 of office supplies for cash. April 18 The company paid $1,44a cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,400 cash for two weeks' salaries earned by employees. April 24 The company collected $10,000 cash for commissions revenue. April 28 The company paid $1,4ee cash for two weeks' salaries earned by employees. April 29 The company paid $500 cash for minor repairs to computer equipment. April 30 The company paid $400 cash for this month's telephone bill. April 30 Brown withdrew $1,600 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $80 expired this month. b. At the end of the month. $650 of office supplies are still available. c. This month's depreciation on computer equipment is $120. d. Employees earned $560 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. General General Income Requirement St Owners Trial Balance Ledger Journal Balance Sheet Post Closing Statement Equity Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted BROWN TRAVEL Balance Sheet April 30 ASSETS Current assets: S Oo oo 0 Plant assets: LIABILITIES AND EQUITY Current liabilities: s 0 s 0 Equity St Owners Equity Post Closing >Step by Step Solution
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