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please answer the General journal and General Ledger thats all thats needed thanks. On April 1, Kathy Perry created a new travel agency. Perry Travel.
please answer the General journal and General Ledger thats all thats needed thanks.
On April 1, Kathy Perry created a new travel agency. Perry Travel. The following transactic occurred during the company's first month. April 2 Perry invested $45,000 cash and computer equipment worth $22,800 in the company. April 3 The company rented furnished office space by paying $2,100 cash for the first month's (Aprit) rent. April 4 The company purchased $2,200 of office supplies for cash. April 10 The company paid $2,160 cash for a 12 -month insurance policy. Coverage begins on April 11. April 14 The conpany paid \$1,680 cash for two weeks' sataries earned by enployees. April 24 The company collected $14,000 cash for comnissions revenue. April 28 The conpany paid $1,680 cash for two weeks' salaries earned by employees. April 29 The company paid $800 cash for minor repairs to computer equipment. April 30 The conpany paid $650 cash for this month's telephone bill. April 30 Perry withdrew $1,80e cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $120 expired this month. b. At the end of the month, $1,000 of office supplies are still available. c. This month's depreciation on computer equipment is $380. d. Employees earned $672 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,820 of commissions revenue that is not yet recorded at month-end. Prepare the required journal entries, adjusting entries, and closing entries for Perry Travel Step by Step Solution
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