Req 4
Help On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April | Nozomi invented $37,000 cash and computer equipment worth $30,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. 3 The company purchased $2,000 of office supplies for cash. 10 The company paid $2,600 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,300 cash for two weeks' salaries earned by employees. 24 The company collected $13,000 cash for commissions earned. 28 The company paid $1,300 cash for two weeks' salaries earned by employees. 29 The company paid $400 cash for minor repairs to the company's computer. 30 The company paid $1,200 cash for this month's telephone bill. 30 The company paid $1,800 cash in dividends. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office Supplies 129 Prepaid Insurance 167 Computer Equipment 168 Acumulated Depreciation-Computer Equip. 209 salaries Payable 307 Common Stock 319 Retained Earnings 319 Dividends 405 Commissions Earned 612 Depreciation Expense-Computer Equip. 622 salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 689 Telephone Expense 901 Inecesary Use the following information: a. Prepaid insurance of $144 has expired this month. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on the computer equipment is $600. d. Employees earned $350 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,400 of commissions that are not yet billed at month-end. Required: 1. & 2. Prepare journal entries to record the transactions for April and post them to the edger accounts in Requirement 6b. The company records prepaid and unearned items in balance sheet accounts 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. Prev 1 of 1 !!! Complete this question by entering your answers in the tabs below. eq 1 and 2 Reg 3 Red 4 Ad Entries Reg 4 Ad Trial Bal Reg SA Req 5B Req 5C Reg 6A Reg 6 oumalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 A termediate calculations and round the final answers to nearest whole number) View transaction list Journal entry worksheet 1 2 3 4 Prepaid Insurance of $144 has expired this mont Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Prev 1 of 1 !!! Next Req 1 and 2 Reg 3 Req 4 Adj Entries Reg 4 Adj Trial Bal Reg 5A Reg 5B Reg 5C Req 6A Joumalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April Intermediate calculations and round the final answers to nearest whole number.) View transaction list Journal entry worksheet 2 3 4 5 At the end of the month, $700 of office supplies are still available. Note: Enter debits before credits. ton Debit O Credit Transaction b. CI TTT ST Record entry Clear entry View general journal Prev 1 of 1 !! Next View transaction list Journal entry worksheet
