Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me find the journal entries and the post closing trial balance. April 1 Nozomi invested $37,000 cash and computer equipment worth $20,000 in

please help me find the journal entries and the post closing trial balance.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

April 1 Nozomi invested $37,000 cash and computer equipment worth $20,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,900 cash for the first month's (April) rent. 3 The company purchased $1,600 of office supplies for cash. 10 The company paid $2,100 cash for the premium on a 12 -month insurance policy. Coverage begins on April 11 . 14 The company paid $1,700 cash for two weeks' salaries earned by employees. 24 The company collected $14,500 cash for commissions earned. 28 The company paid $1,700 cash for two weeks' salaries earned by employees. 29 The company paid $300 cash for minor repairs to the company's computer. 30 The company paid $750 cash for this month's telephone bill. 30 The company paid $1,700 cash in dividends. April 1 Nozomi invested $37,000 cash and computer equipment worth $20,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,900 cash for the first month's (April) rent. 3 The company purchased $1,600 of office supplies for cash. 10 The company paid $2,100 cash for the premium on a 12 -month insurance policy. Coverage begins on April 11 . 14 The company paid $1,700 cash for two weeks' salaries earned by employees. 24 The company collected $14,500 cash for commissions earned. 28 The company paid $1,700 cash for two weeks' salaries earned by employees. 29 The company paid $300 cash for minor repairs to the company's computer. 30 The company paid $750 cash for this month's telephone bill. 30 The company paid $1,700 cash in dividends

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions