Problem 3-5A (Algo) Applying the accounting cycle LO P1, P3, P4, P5, P6 On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first. month. ateck: April 3 The company rented furntshed office Teace by paying 51 , Boo caahsfor the firnt monthis (hpril) rent. April 4 The company purchaded $1,700 of of 16 supplien for caah. Apri1. 10 The company paid $2,880 cach for a 12 -manth insurance poliey. Coverage beging on April 11. April 14 The company pald $800 cash for. two meeka salarien earned by enployeen. Apri1.24 The company collected $11,500 "eash for commlasiong revenue. April 28 The company pald $800 cash for two veeks" salarlas earned by eaployeok. Apri1 29 The company pald $450 cash for ninor repairn to computer equipment: Apr 1130 The company paid $1,100 eash for thil month's telephone bil1. Aprid 30 The eompany pald $1,540 eash in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $160 expired this month, B. At the end of the month, $400 of office supplies are stili available. c. This month's depreciation on computer equipment is $500. d. Employees earned $450 of unpaid and unrecorded salaries as of month-end. Using account balances from Reduirement 68 . nrenara an inartiuetart irrial halsnmen ar of April 30. Using adjusted account balances from Requirement 6B GL tab, prepare an adjusted trial balance as of April 30 . Problem 3-5A (Algo) Applying the accounting cycle LO P1, P3, P4, P5, P6 On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first. month. ateck: April 3 The company rented furntshed office Teace by paying 51 , Boo caahsfor the firnt monthis (hpril) rent. April 4 The company purchaded $1,700 of of 16 supplien for caah. Apri1. 10 The company paid $2,880 cach for a 12 -manth insurance poliey. Coverage beging on April 11. April 14 The company pald $800 cash for. two meeka salarien earned by enployeen. Apri1.24 The company collected $11,500 "eash for commlasiong revenue. April 28 The company pald $800 cash for two veeks" salarlas earned by eaployeok. Apri1 29 The company pald $450 cash for ninor repairn to computer equipment: Apr 1130 The company paid $1,100 eash for thil month's telephone bil1. Aprid 30 The eompany pald $1,540 eash in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $160 expired this month, B. At the end of the month, $400 of office supplies are stili available. c. This month's depreciation on computer equipment is $500. d. Employees earned $450 of unpaid and unrecorded salaries as of month-end. Using account balances from Reduirement 68 . nrenara an inartiuetart irrial halsnmen ar of April 30. Using adjusted account balances from Requirement 6B GL tab, prepare an adjusted trial balance as of April 30
