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Show me the steps to solve On April 1 , Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the
Show me the steps to solve On April Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month.stock. April The company rented furnished office space by paying $ cash for the first month's April rent. April The company purchased $ of office supplies for cash. April The company paid $ cash for a month insurance policy. Coverage begins on April April The company paid $ cash for two weeks' salaries earned by employees. April The company collected $ cash for commissions revenue. April The company paid $ cash for two weeks' salaries earned by employees. April The company paid $ cash for minor repairs to computer equipment. April The company paid $ cash for this month's telephone bill. April The company paid $ cash in dividends.The company's chart of accounts follows: Use the following information to prepare adjusting entries: a Prepaid insurance of $ expired this month. b At the end of the month, $ of office supplies are still available. c This month's depreciation on computer equipment is $ d Employees earned $ of unpaid and unrecorded salaries as of monthend. e The company earned $ of commissions revenue that is not yet recorded at monthend. Required: & Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement B GL tab. The company records prepaid and unearned items in balance sheet accounts. Using account balances from Requirement B GL tab, prepare an unadjusted trial balance as of April Journalize the adjusting entries for the month, and then post to the ledger on Requirement B GL tab, using April Adjusted as the date. a Using adjusted account balances from Requirement B GL tab, prepare an adjusted trial balance as of April b Prepare the income statement for the month of April c Prepare the statement of retained earnings for the month of April d Prepare the balance sheet at April a Prepare journal entries to close the temporary accounts and then post to Requirement B GL tab, using April Close as the date. b Post the journal entries to the ledger. Prepare a postclosing trial balance.
Show me the steps to solve On April Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first
month.stock.
April The company rented furnished office space by paying $ cash for the first month's April rent.
April The company purchased $ of office supplies for cash.
April The company paid $ cash for a month insurance policy. Coverage begins on April
April The company paid $ cash for two weeks' salaries earned by employees.
April The company collected $ cash for commissions revenue.
April The company paid $ cash for two weeks' salaries earned by employees.
April The company paid $ cash for minor repairs to computer equipment.
April The company paid $ cash for this month's telephone bill.
April The company paid $ cash in dividends.The company's chart of accounts follows:
Use the following information to prepare adjusting entries:
a Prepaid insurance of $ expired this month.
b At the end of the month, $ of office supplies are still available.
c This month's depreciation on computer equipment is $
d Employees earned $ of unpaid and unrecorded salaries as of monthend.
e The company earned $ of commissions revenue that is not yet recorded at monthend.
Required:
& Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement B GL tab. The
company records prepaid and unearned items in balance sheet accounts.
Using account balances from Requirement B GL tab, prepare an unadjusted trial balance as of April
Journalize the adjusting entries for the month, and then post to the ledger on Requirement B GL tab, using April Adjusted as
the date.
a Using adjusted account balances from Requirement B GL tab, prepare an adjusted trial balance as of April
b Prepare the income statement for the month of April
c Prepare the statement of retained earnings for the month of April
d Prepare the balance sheet at April
a Prepare journal entries to close the temporary accounts and then post to Requirement B GL tab, using April Close as the date.
b Post the journal entries to the ledger.
Prepare a postclosing trial balance.
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