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Please only anwser Required Question 4 Which is letters a-e. On April 1, Jiro Nozomi created a new travel agency. Adventure Iravel. The following transactions

Please only anwser Required Question 4 Which is letters a-e. image text in transcribed
image text in transcribed
On April 1, Jiro Nozomi created a new travel agency. Adventure Iravel. The following transactions occurred during the company's first month. Apri1 2 Nazoni invested 538,000 cash and conputer equipent worth $35, 60e in the company in exchange for its common stock. April 3 The company rented furnished office space by paying \$1,500 cash for the first enonth's (April) rent. April 4 the coepany purchased $1,200 of office sopplies for cash. April to the company paid $2, 700 cash for a 12 -nonth insurance policy. Coverage beglns on April 11. April 14 The company paid \$1,200 cash for two weeks" salaries earned by enployees. Apri1 24 the company collected $12,500 cash for commissions revenue. Apri1 28 the conpany poid $1,200 cash for two weeks" salaries earned by employees. Apri1 29 the company paid \$25e cash for minor repatrs to computer equipment. Apri1 3e the company paid $1, 4e0 cash for this month's telephone bill. Apri1 30. The company paid $1, see cash in dividends. The company's chart of accounts follows: Use the following information to prepore adjusting entries: 0. Prepaid insurance of $150 expired this month. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on computer equipment is $400 d. Employees earned $570 of unpaid and unrecorded salaries as of month-end e. The company earned $2,500 of commissions revenue that is not yetrecorded at month-end Required: 1. \& 2. Prepare joumal entries to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab. The compary records prepaid and uneamed tems in balance sheet accounts. 3. Using account balances from Requirement 68GL tab, prepare an unadjusted trial balance as of April 30 . 4. Joumalize the adjusting entries for the month, and then post to the ledger on Requirement 68GL tab, using April 30 Adjusted a5 the date: 5o. Using adjusted account balances from Requirement 6B GL tab, prepare an adjusted tial balance as of April 30 5b. Prepare the income statement for the month of April 30 5d. Prepare the balance sheet at April 30 . 6o. Prepare journal entries to close the temporary accounts and then post to Requirement 6BGL tab, using April 30 Close as the date. 66. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Journalize the adjusting entries for the month, and then post to the ledger on Requirement 6B G. tab, using April 30 Adjusted as the date. (Do not round intermediate calculations and round the final answers to nearest whole number.) Journal entry worksheet Prepaid insurance of $150 explred thin month. Record the required adjusting entry, if any. Natei tinter debits belore credits

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