Please only Do Requried Question 7 which is Post-Closing Trial Balance. Thank You!
On April 1. Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the comparry's first month. April 2 Noroni invested $34, ee0 cash and copputer equipsent worth $35,609 in the coepany in exchange for its coneon stock. Apri1 3 The company rented furnistied office space by playing 81 , see cash for the first month's (Aprii) rent. Apri1 4 the compary purchased $1,200 of office supplies for cash. April 10 the cospany paid 52 , 7ee cash for a 12-month insurance policy. Coverage begins on April 11. April 14 the coenpary paid $1,290 cash for two veeks' salaries eamed by eeployees. April 24 The company collected 512 , see cash for comissions revenue. Apri1 28 The compary paid $1,200 cash for two veeks' salaries earned by eeployees. April 29 the conpany paid $250 cash for minor repairs to computer equipment. April 39 The compary paid \$1, 4ee cash for this month's telephone bill. The company's chart of accounts follows. Use the following information to prepare adjusting entries: a. Prepaid insurance of $150 expired this month. b. At the end of the month, 5700 of olfice supplies are still available. c. This monthis 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. Required: 1.8.2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 6BBL tab. The company records prepaid and unearned items in balance sheet accounts. 3. Using accourt balances from Requirement 68GL tab. prepare an unad usted 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 dite So. Using adjusted account balances from Requirement 68 GL tab. prepare an adjusted trial balance as of April 30. 5b. Prepare the income statement for the month of April 30 . Sc. Prepare the statement of retained earnings 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. Ob. Post the joumal ertries to the ledget. 7. Prepare a post-cosing trial balance. Complete this question by entering your answers in the tabs below. Srupare a post-closing trial balance. Requlred: 1. \& 2. Prepare joumal entries to record the transactions for April and post them to ledger accounts in Requirement 6BGL tab. The compary records prepaid and uncamed items 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 6BGL tab, using April 30 Adjusted as the date So. Using adiusted 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 . Se. Prepare the statement of retained earnings for the month of April 30 Sd. Prepare the balance sheet at April 30 . 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6BGL tab, using April 30Close as the daf ob. Post the joumal entries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below: Prepare a post-closing trial balance
