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please help, this is one big question. On April 1, Greg Taylor created a new travel agency, Taylor Travel. The following transactions occurred during the

please help, this is one big question. image text in transcribed
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On April 1, Greg Taylor created a new travel agency, Taylor Travel. The following transactions occurred during the company's first month. April 2 Taylor invested $43,060 cash and computer equipment worth $14,400 in the company. April 3 The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. April 4 The company purchased $2,200 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 $1,460 cash for two weeks' salaries earned by employees. April 24 The conpany collected $18,000 cash for commissions revenue. April 28 The company paid $1,400 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 $650 cash for this month's telephone bill. April 30 Taylor withdrew $2,200 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $200 expired this month. b. At the end of the month, $850 of office supplies are still available. c. This month's depreciation on computer equipment is $240. d. Employees earned $560 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,780 of commissions revenue that is not yet recorded at month-end. General Journal tab - Prepare journal entries for Taylor 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. April 2 Taylor invested $43,000 cash and computer equipment worth $14,400 in the company. April 3 The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. April 4 The company purchased $2,200 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 two weeks' salaries earned by employees. April 24 The company collected $18,000 cash for commissions revenue. April 28 The company paid $1,400 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 $650 cash for this month's telephone bill. April 30 Taylor withdrew $2,200 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $200 expired this month. b. At the end of the month, $850 of office supplies are still available. c. This month's depreciation on computer equipment is $240. d. Employees earned $560 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,780 of commissions revenue that is not yet recorded at month-end. Prepare the required journal entries, adjusting entries, and closing entries for Taylor Travel. Journal entry worksheet 234567819 Taylor invested $43,000 cash and computer equipment worth $14,400 in the company. On April 1, Greg Taylor created a new travel agency, Taylor Travel. The following transactions occurred during the company's first mont April 2 Taylor invested $43,000 cash and computer equipment worth $14,400 in the company. April 3 The company rented furnished office space by paying $2,300 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 $3,600 cash for a 12 -month insurance poilicy. 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 $18,000 cash for commissions revenue. April 28 The company paid $1,400 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 $650 cash for this month's telephone bill. April 30 Taylor withdrew $2,200 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $200 expired this month. b. At the end of the month, $850 of office supplies are still available. c. This month's depreciation on computer equipment is $240. d. Employees earned $560 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,780 of commissions revenue that is not yet recorded at month-end. 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. On April 1, Greg Taylor created a new travel agency, Taylor Travel. The following transactions occurred during the company's first month. April 2 Taylor invested $43,000 cash and computer equipment worth $14,400 in the company. April 3 The company rented furnished office space by paying $2,300 cash for the first month's (Aprit) rent. April 4 The company purchased $2,200 of office supplies for cash. April 10 The conpany paid $3,660 cash for a 12 -month insurance policy. Coverage begins on April 11. April 14 The company paid $1,460 cash for two weeks' salaries earned by employees. April 24 The company collected $18,000 cash for comnissions revenue. April 28 The company paid $1,400 cash for two weeks' salaries earned by employees. April 29 . The company paid $500 cash for minor repairs to computer equipment. April 30 The conpany paid $650 cash for this month's telephone bill. April 30 Taylor withdrew $2,200 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $200 expired this month. b. At the end of the month, $850 of office supplies are still avallable. c. This month's depreciation on computer equipment is $240. d. Employees earned $560 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,780 of commissions revenue that is not yet recorded at month-end. The unadjusted or adjusted balances will appear for each account, based on your selection. Note: Selecting Post-Closing will only display ending capital. Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted, adjusted, 0 post-closing balances will appear for each account, based on your selection. Begin by selecting "Post-closing" from the drop-down below. Then, for each account, use the drop-down to indicate whether the account is included on the post-closing trial balance. Based on your decisions, the post-closing trial balance will be created. Compare your results with the Trial Balance tab. On April 1, Greg Taylor created a new travel agency, Taylor Travel. The following transactions occurred during the company's first month. April 2 Taylor invested $43,060 cash and computer equipment worth $14,400 in the company. April 3 The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. April 4 The company purchased $2,200 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 $1,460 cash for two weeks' salaries earned by employees. April 24 The conpany collected $18,000 cash for commissions revenue. April 28 The company paid $1,400 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 $650 cash for this month's telephone bill. April 30 Taylor withdrew $2,200 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $200 expired this month. b. At the end of the month, $850 of office supplies are still available. c. This month's depreciation on computer equipment is $240. d. Employees earned $560 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,780 of commissions revenue that is not yet recorded at month-end. General Journal tab - Prepare journal entries for Taylor 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. April 2 Taylor invested $43,000 cash and computer equipment worth $14,400 in the company. April 3 The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. April 4 The company purchased $2,200 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 two weeks' salaries earned by employees. April 24 The company collected $18,000 cash for commissions revenue. April 28 The company paid $1,400 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 $650 cash for this month's telephone bill. April 30 Taylor withdrew $2,200 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $200 expired this month. b. At the end of the month, $850 of office supplies are still available. c. This month's depreciation on computer equipment is $240. d. Employees earned $560 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,780 of commissions revenue that is not yet recorded at month-end. Prepare the required journal entries, adjusting entries, and closing entries for Taylor Travel. Journal entry worksheet 234567819 Taylor invested $43,000 cash and computer equipment worth $14,400 in the company. On April 1, Greg Taylor created a new travel agency, Taylor Travel. The following transactions occurred during the company's first mont April 2 Taylor invested $43,000 cash and computer equipment worth $14,400 in the company. April 3 The company rented furnished office space by paying $2,300 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 $3,600 cash for a 12 -month insurance poilicy. 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 $18,000 cash for commissions revenue. April 28 The company paid $1,400 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 $650 cash for this month's telephone bill. April 30 Taylor withdrew $2,200 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $200 expired this month. b. At the end of the month, $850 of office supplies are still available. c. This month's depreciation on computer equipment is $240. d. Employees earned $560 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,780 of commissions revenue that is not yet recorded at month-end. 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. On April 1, Greg Taylor created a new travel agency, Taylor Travel. The following transactions occurred during the company's first month. April 2 Taylor invested $43,000 cash and computer equipment worth $14,400 in the company. April 3 The company rented furnished office space by paying $2,300 cash for the first month's (Aprit) rent. April 4 The company purchased $2,200 of office supplies for cash. April 10 The conpany paid $3,660 cash for a 12 -month insurance policy. Coverage begins on April 11. April 14 The company paid $1,460 cash for two weeks' salaries earned by employees. April 24 The company collected $18,000 cash for comnissions revenue. April 28 The company paid $1,400 cash for two weeks' salaries earned by employees. April 29 . The company paid $500 cash for minor repairs to computer equipment. April 30 The conpany paid $650 cash for this month's telephone bill. April 30 Taylor withdrew $2,200 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $200 expired this month. b. At the end of the month, $850 of office supplies are still avallable. c. This month's depreciation on computer equipment is $240. d. Employees earned $560 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,780 of commissions revenue that is not yet recorded at month-end. The unadjusted or adjusted balances will appear for each account, based on your selection. Note: Selecting Post-Closing will only display ending capital. Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted, adjusted, 0 post-closing balances will appear for each account, based on your selection. Begin by selecting "Post-closing" from the drop-down below. Then, for each account, use the drop-down to indicate whether the account is included on the post-closing trial balance. Based on your decisions, the post-closing trial balance will be created. Compare your results with the Trial Balance tab

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