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please answer this as fast as possible On April 1, Jeffrey Wilson created a new travel agency, Wilson Travel. The following transactions occurred during the
please answer this as fast as possible
On April 1, Jeffrey Wilson created a new travel agency, Wilson Travel. The following transactions occurred during the company's first month. April 2 Wilson invented $37,000 cash and computer equipment worth $10,000 in the company April 3 The company rented furnished office space by paying $2,500 cash for the first month'a (April) rent. April 4 The company purchased $2,400 of office supplies for cash. April 10 the company paid $3,600 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 the company paid $1,400 cash for tvo veka salarien earned by employees. April 24 the company collected $22,000 cash for comissions revenue. April 28 The company paid $1,400 cash for two weeks' Baleries earned by employees. April 29 be company paid $500 can for sinor repairs to computer equipment. April 30 the company paid $750 cash for this month's telephone bill April 30 Wilson withdrew $2,200 cash from the company for personal use. Information for month-end adjustments follows: 1. Prepaid Insurance of $200 expired this month b. At the end of the month $950 of office supplies are still available c. This month's depreciation on computer equipment is $180. d. Employees earned 5560 of unpaid and unrecorded salaries as of month-end. a. The company earned $1,820 of commissions revenue that is not yet recorded at month-end. General General Requirement St Owners Income Journal Ledger Trial Balance Statement Balance Sheet Post Closing Equity Prepare the required journal entries, adjusting entries, and closing entries for Wilson Travel, View transaction let Journal entry worksheet 2 3 4 5 6 7 00 19 Wilson invested $37,000 cash and computer equipment worth $10,800 in the company Note: Enter debits before credits Account Title Cr Date Apr 02 Record entry Clear entry General Journal General Ledger Trial Balance Income Statement St Owners Equity Requirement Balance Sheet Post Closing General Journal tab - Prepare journal entries for Wilson Travel's first month of operations. Prepare any necessary adjusting and closing entries for the current month. General Ledger tab Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. Trial Balance tab - You may view the unadjusted, adjusted, or post-closing trial balances by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs. Income Statement tab Use the drop-downs to select the accounts properly included on the Income statement. The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection Statement of Owner's Equity tab - The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection Balance Sheet tab - 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 Post-Closing tab - Use the drop downs to Indicate whether each account is included on the post-closing trial balance. General Journal > Step by Step Solution
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