Please only atempt Question 6B GL and make it clear for me to read the answer and understand it. Thank You!
On April 1, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month. April 2 Nozoel imested 533,000 cash and computer equipment worth $30,600 in the company in exchange for Its comonon stock. Apri1 3 the company rented furnistied office spoce by paying 32,400 cash for the first month's (Apri1) rent. April 4 the company purchased $1,90 of offlice supplies for cash. aprit 10 The coepany paid 52 , Jee cash for a 12 - month insurance policy. Coverage begins on April 11. april 14 the company paid 51,700 cash for two weeks" salaries earned by enployees. April 24 The company collected $14, 00e cash for comalissions revenue. April 26 the company paid $1,700 cash for two weeks" salaries rarned by employees. April 20 The company paid s4e0 cash for minor repairs to computer equipment. April 30 The company paid 31,560 cash for this nonth's telephone bill. Apri1 30 the company paid 51,560 cash in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting entries: 6. Prepaid insurance of $150 expired this month b. At the end of the month. 5400 of office supplies are stili available c. This monthis depreciation on computer equipment is $600 d. Employees edrned $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. 8 2. Prepare joumal entries to record the transactions for April and post them to ledger accounts in Requirement 68GL tab The comparly iecoros prepaid and unearned itemis in balance sheel accounts 3. Weing account batances from Requirement GB GL tab, prepare an unapjusted trial balance as of Agre 30 4. Youmalize the od usting entries for the month, and then 003 to the iedget on Requirement 68BL tab, using April 30 Adjusted as thie chite Required: 1. \& 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab. The company records prepaid and unearned items in balance sheet accounts: 3. Using account balances from Requirement 68GL tab, prepare an unadjusted trial bulance as of Apeil 30 . 4. Joumalize the adjusting entries for the month, and then post to the ledger on Requirement 68GL tab, using April 30 Adjusted as the date: 50. Using adjusted account balances from Requirement 68GL tab, prepare an adjusted trial balance as of April30. 5b. Prepare the income statement for the month of April 30 5c. Prepare the statement of retained earnings for the month of April 30 . 5d. Prepare the balance sheet at April 30 . 6a. Prepare joumal enthes to close the temporary accounts and then post to Requirement 68BL tab, using Aprit 30 Close as the cate 6b. Post the journal entries to the ledget 7. Prepare a post-closing trial batance Complete this question by entering your answers in the tabs below. 1+1 901: Inccesie Summary Diate Cratai Balance
