Please only Atempt Question 4 which is 1-5 the same as questions a-e.
Also make it clear to understand and view the answer easily. Thank You!
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. Apri1 2 Nozond invested 533,000 cash and computer equipient worth $30,000 in the company in exchange far its common stock. Apri1 3 the conpany rented furnished offlice space by paying 32,400 cash for the first month's (Apri1) rent. Apri1 4. The compony purchased $1,900 of office supplies for cash. Apri1 10 the company paid $2, 7oe cash for a 12-month insurance polficy. Coverage begins on April 11. April 14 the coepeny paid \$1,76e cash for two weeks" salaries earned by employees. April 24 The company collected 514,000 cash for coemissions revenue. Aeril 28 the company paid $1,780 cash for two weeks' salarles earned by employees. Apri1 20 the company peid s4ee cash for minor repairs to cooputer equipment. April 30 the coepany paid 51 , see cash for this month's telephone bill. april 30 The conpany paid 51,560 cash in dividends. The company's chart of accounts follows. Use the following information to prepore adjusting entries: a. Prepaid insurance of $150 expired this month b. At the end of the month. $400 of office supplies are still avallable c. This morth's depreciation on computer equipment is $600 d. Employees eamed $360 of unpaid and uncecorded salaries as of monthiend e. The company earned $1,600 of commissions revenue that is not yet recorded at monthiend Required: 1. &2 Piepaic joumal entries to record the transactions for Aprit and post them to ledger accounts in Requiremert 68 GL. tab. The company tecords prepaid and uneamed items in balance sheet accounts 3. ISing account bolonces from Requirement 6E GL teb prenere an undojusted trial batance of or Apry go 4. Joumaice the acjusting entries for the mbnth, and then post to the ledger on Requirement 6E.GL, tob. Using April 30 Adjusted as The onte. 56. Uinq ach ted account Galonces from Requement 6B GL tab. prepare an sojusted tiol balance as of Apili 30. Sb. Prepale the income statement for the monts of Acril30 Required: 1. \& 2. Prepare joumai entries to record the transactions for Aprit and post them to ledger accounts in Requirement 68GL, tab. The company records prepaid and uneamed items in balance sheet accounts 3. Using account balances from Requirement 6B GL, tab. prepare an unadjusted trial balance as of April 30 . 4. Journalize the adjusting entries for the month, and then post to the ledger on Requirement 68GL. tab, using Apri 30 Adjusted as the date. 50. Using adjusted account balances from Requirement 6B GL. tab. prepare an adjusted trial balance as of April 30. 5b. Prepare the income statement for the month of April 30 . 5c. Prepare the statement of retained eamings 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 68GL tab, using April 30 Close as the date: 66 . Post the joumal entries to the ledger 7. Prepare a post-closing uial balance Complete this question by entering your answers in the tabs below. Journalize the adjusting entries for the month, and then port to the fodger on Requirement 6GL tab, using April 30 Adjusted as the date, (Do not tound intermedile calculations and round the finol aniwers to nearest whole number.) Journal entry worksheet Frepaid insurance of 5150 exired this month. Recoird the required adjuating enter. if atiy fixts ertar debts the fou ocila pumslize the adjusting entries for the month, and then post to the ledger on Requirement 6 a cL tab, using April 30 adjusted as the ate. (Do not round intermediate calculations and round the final answers to nearest whole nurnber.) Journal entry worksheet Prepaid insurance of 1150 espired this month. Record the required adjusting entry, if any
