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Please only Atempt Question 5D which is the Balance Sheet. Also make it clear to understand and view the answer easily. Thank You! On April

Please only Atempt Question 5D which is the Balance Sheet.
Also make it clear to understand and view the answer easily. Thank You!
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On April 1. Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred duting the company's first month. Apr11 2 Noroal invested $33,600 cash and computer equipaent north $30,000 in the coepany in exchange for its comen stock. Apri1 3 the compary rented furndshed office space by paying 52,400 cash for the first month's (Apri1) rent. April 4 the company purchased 51 , 900 of office supplies for casth. April to the coepeny paid $2,700 cash for a 12 -month insurance policy. Covecage hegins on Apri1 11. Apri1 i4 the coopany paid 51,70 cash for tho weeks' salaries earned by coployees. April 24. The company collected $14, 000 cash for comilssions revenue. Apri1 20. The cospony patd $1,700 cash for two weekst islarles earned by esployees. Appi1 29 the conpsny pald 5400 cash for aInor repairs to cooputer equipment. Aerli 30 The compony pald $1,500 cash for this month's telephone bi11. Aep11 30 The compony paid $1,560 cash in divideeds. The company's chart of accounts follows: Use the following information to prepare adjusting entries: 0. Prepaid insurance of $150 expired this month b. At the end of the morth, $400 of olfice supplies are still avaliable. c. This month's depreciation cin computer equipment is $600 d. Employees earned $360 of unpaid and unrecorded salaries as of monthiend: d. The compary eamed $1.500 of comimissions revenue that is not yetrecorded at month-end Required: 1.8 2. Prepare gournal entrien to record the wansoctions for Apri and post them to ledger accounts in Requlement 68G. tab The company records prepold and unedned items in balance sheet accounts. 3. Using account balances from Requirement 6B GL tab, prepare an unadjusted thal balamee as of Apil 30 , 4. Journalize the adjusting enthes for the month and then post to the ledper on Requirement 6BGL tab, using A oril 30 Achisted as the date 5n. Using aojusted sccouint balsnces from Requirement 68 GL rab prepate an odjusted trial bolance as of Apila0, 56. Prepare the income statement far the month of Aprul 30 . c. This month's depreciation on computer equipment is $600. d. Employees eamed $360 of unpaid and unrecorded salaries as of month-end: e. The company earned $1,600 of commissions revenue that is not yet recorded 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 company records prepoid and unearned items in balance sheet accounts. 3. Using account balances from Reguirement 68 GL tab. prepare an unadiusted trial balance as of April 30. 4. Journalize the adjusting entries for the month, and then post to the ledger on Requirement 6BGL tab, using Apri 30 Adjusted as the date 50. Using adjusted account balances from Requirement 6BGL 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 earnings for the month of Aprit 30. 5d. Prepare the balance sheet at Apill 30 6o. Prepare journal entries to ciose the temporary accounts and then post to Requirement 68GL tab, using April 30 Close as the date 6b. Post the journal entries to the ledget 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Prepare the balance sheet at April 30. 5d. Prepare the balance sheet at April 30 6a. Prepare journal entsies to close the temporary accounts and then post to Requirement 6BGL tab, using April 30 Close as the date. 6b. 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. Prapare the balance sheit at Aprila0

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