Saved Help Save & Exit Subm Check my work 1 Problem 4-1A (Algo) Applying the accounting cycle LO P2 On Aprili 1. Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 2 Noroni invested $46,880 cash and computer equipment worth $25,eee in the company. April 3 The company rented furnished office space by paying $2,700 cash for the first month's (April) rent. April 4 The company purchased $1,600 of office supplies for cash. April 10 The company paid $2, see cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,8ee cash for two weeks' salaries earned by employees. April 24 The company collected $11,5ee cash for commissions revenue. April 26 The company paid $1,800 cash for two weeks' salaries earned by employees. April 29 The company paid $350 cash for minor repairs to computer equipment. April 3e The company paid $850 cash for this month's telephone bill. April 30 Nozomi withdrew $2,400 cash from the company for personal use. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 134 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation Computer Equipment 209 Salaries Payable 403 Commissions Revenue 612 Depreciation Expense-Computer Equipment 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense Prey 1 of 1 Next 3 - 57 49F Sunny 1 @ duon com/ext/map/index.html?con conexternal browser-08daunchudahttps%253A252F o > C ct Saved Help Save & Exit Subr 1 Check my world The company's chart of accounts follows: 101 Cash 403 Commissions Revenue 106 Accounts Receivable 612 Depreciation Expense-Computer Equipment 124 Office Supplies 622 salaries Expense 128 Prepaid Insurance 637 Insurance Expense 167 Computer Equipment 640 Rent Expense 168 Accumulated Depreciation-Computer Equipment 650 Office Supplies Expense 209 Salaries Payable 684 Repairs Expense 301 3. Nozoni, Capital 688 Telephone Expense 302 3. Nozomi, withdrawals 901 Income Summary Use the following information to prepare adjusting entries, a. Prepaid insurance of $156 expired this month b. At the end of the month, $600 of office supplies are still available c. This month's depreciation on computer equipment is $600 d. Employees earned $470 of unpaid and unrecorded salaries as of month-end, e. The company earned $2,350 of commissions revenue that is not yet recorded at month-end. Required: 1. & 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Req 6B GL tab. 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 4. Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date Prev 1 of 1 Next . 59% 49F Sunny Record the required adjusting entry, if any. Prepaid insurance of $156 expired this month. Note: Enter debits before credits Transaction General Journal Debit Credit a Record entry Clear entry View general journal Prev 1 of 1 Next S 59% 49F Sunny Dject 1 Journal entry worksheet 1 3 4 5 Go ts Record the required adjusting entry, if any. At the end of the month, $600 of office supplies are still available. kipped Note: Enter debits before credits Print Debit General Journal Transaction Credit b. Record entry Clear entry View general journal Prev 1 of 1 Next Journal entry worksheet Record the required adjusting entry, if any. The company earned $2,350 of commissions revenue that is not yet recorded at month-end. Note: Enter debits before credits Transaction General Journal Debit Credit e Record entry Clear entry View general journal Prev 1 of 1 Next 59% 49F Sunny