Please only Do Requried Question 5D which is Balance Sheet. 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 Nozoni invested $38, eve cash and computer equipment worth $35, e0e in the conpany in exchange for its common stock. April 3 The canpary rented furnished office space by paying $1, see cash for the first morth's (Aprii) rent. April 4 the conpany purchased $1,290 of office supplies for cash. Apri1 1e the company paid 52,76e cash for a 12-month insurance policy. Coverage begins on April 11. Apri1 14 The company paid 51,260 cash for two weeks" salaries earned by eoployees. Apri1 24 The company collected $12, sed cash for commissions revenue. April 28 The compary paid 51,260 'ash for two velks' salaries earned by employees. April 29 the company paid sise cash for minor repairs to computer equipeent. April 38 the company paid $1,40e cash for this month's telephone bili. April 3e the company paid 51,500 cash in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting enties: a. Prepaid insurance of $150 expired this month. b. At the end of the month. $700 of oftice supplies are still avallable. c. This month's depreciation on computer equipment is $400. d. Employees earned $570 of unpaid and unrecorded salaries as of monthend. e. The company eamed $2500 of commissions revenue that is not yet recorded at month-end: Requlred: 1.3. 2 Prepare joumal entries to record the transactions for Apeil and post them to ledger accounts in Requirement 6BGL tab. The company records prepaid and uneamed items in balance sheet accounts. 3. Using account balances from Requirement 6B6L 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 April 30 Adjusted as the date 5o. Using adjusted account balances trom Requirement 6BGL tab, prepare an adjusted trial balance as of Aprii 30 56. Prepare the income statement for the month of April 30 . Sc. Prepare the statement of retained earnings for the month of April 30 Sd. Prepere the balance sheet at April 30 . 6o. Prepare joumal entries to close the temporary accounts and then post to Requirement 6BGL tab: using Aptil 30 Close as the date Ob. Post the joumbl entries to the ledger. 7. Prepare a post-ciosing trial balance. Complete this question by entering your answers in the tabs below. Prepare the balance sheet at April 30 . a. Prepaid insurance of $150 expired this month. b. At the end of the month, $700 of office supplies are still avaliable. c. This month's depreciation on computer equipment is $400. d. Employees eamed $570 of unpaid and unrecorded salaries as of monthend. e. The compary eamed $2,500 of commissions revenue that is not yet recorded at monthrend. Requlred: 1. \& 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 6BGL tab. The company records prepoid and unearned items in balance sheet accounts 3. Using account balances from Requirement 6BGL 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 as the date So. 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 eamings for the month of April 30. 5d. Prepare the balance sheet at April 30 . Ca. Prepare journal entries to close the temporary accounts and then post to Requirement 68GL tab, using April 30 Close as the date. ob. 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. Prepare the balance sheet at April 30
