stock On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April Nozomi invested $32,000 cash and computer equipment worth $35,000 in the company in exchange for common 2 The company rented furnished office space by paying $1.900 cash for the first month's (April) ront. 3 The company purchased $1,800 of office supplies for cash 10 The company paid $2,100 cash for the premium on a 12-month Insurance policy. Coverage begins on April 11, 14 The company paid $1.200 cash for two weeks' salaries earned by employees 24 The company collected $12,500 cash for commissions earned 28 The company paid $1.200 cash for two weeks' salaries earned by employees. 29 The company paid S250 cash for minor repairs to the company's computer. 30 The company paid $950 cash for this month's telephone bill 30 The company paid $2.400 cash in dividends. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation - Computer Equip 209 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends 405 Commissions Eamed 612 Depreciation Expense Computer Equip 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary Use the following information: a. Prepaid insurance of $117 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 $400 d. Employees earned $430 of unpaid and unrecorded salaries as of month-end e. The company earned $2,050 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 ledger 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. 4. Journalize the adjusting entries for the month and prepare the adjusted trial balance 5a. Prepare the income statement for the month of April 30. 5b. Prepare the statement of retained earnings for the month of April 30. 5c. Prepare the balance sheet at April 30. 6a. Prepare joumal entries to close the temporary accounts and then post to Requirement 6b 6b. Post the journal entries to the ledger 7. Prepare a post-closing trial balance Req 1 and 2 Reg 3 Req 4 Adj Entries Req 4 Adj Trial Bal Reg SA Reg 5B Reg 5C Reg 6A Req 6B GL Reg 7 Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The company records prepaid and unearned items in balance sheet accounts. View transaction list No Date 1 April 01 Debit Credit View journal entry worksheet General Journal Cash Computer equipment Common stock 32,000 35.000 67,000 2 April 02 1,900 Rent expense Cash 1.900 3 April 03 1.800 Office supplies Cash 1,800 4 April 10 2.100 Prepaid insurance Cash 2.100 5 April 14 1.200 Salaries expense Cash 1.200 6 April 24 Cash 12.500 Commissione comed 12.500 7 April 28 1.200 Salaries expense Cash 1,200 8 April 29 250 Repairs expense Cash 250 9 April 30 950 Telephone expense Cash 950 10 April 30 2.400 Dividends Cash 2.400 Reg 3 > Req 1 and 2 Reg 3 Req 4 Adj Entries Reg 4 Adj Trial Bal Reg SA Reg 5B Reg 5C Reg 6A Reg 6B GL Reg 7 Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. ADVENTURE TRAVEL Unadjusted Trial Balance April 30 Account Title Debit Credit 101: Cash 106: Accounts receivable 124. Office supplies 128: Prepaid insurance 167: Computer equipment 168: Accumulated depreciation Computer equipment 209. Salaries payable 307. Common stock 318: Retained earnings 319: Dividends 405: Commissions earned 612. Depreciation expense-Computer equipment 622 Salaries expense 637: Insurance expense 640: Rent expense 650: Office supplies expense 684 Repairs expense 688. Telephone expense Total $ 0 $ Reg 1 and 2 Reg 3 Req 4 Ad) Entries Req 4 Adj Trial Bal Reg SA Reg SB Req 5C Req 6A Req 6B GL Reg 2 Journalize the adjusting entries for the month, and then post to the ledger on Req 68 tab, using April 30 Adj, as the date. (Do not round intermediate calculations and round the final answers to nearest whole number.) View transaction that Journal entry worksheet Prepaid Insurance of $117 has expired this month. Noter Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Adj Entries Req 4 Ad) Trial Bal Req SA Req 5B Reg SC Req 6A Req 6B GL Reg 2 Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adj, as the date. (Do not round Intermediate calculations and round the final answers to nearest whole number.) View transaction list Journal entry worksheet 3 5 At the end of the month, $700 of office supplies are still available. Note: Enter debits before credits Transaction General Journal Debit Credit b. Record entry Clear entry View general Journal Roq & Aaj Trio > Req 1 and 2 Reg 3 Reg 4 Adj Entries Req 4 Ad) Trial Bal Reg SA Reg 5B Req 5C Req 6A Req 6B GL Reg 7 Journalize the adjusting entries for the month, and then post to the ledger on Req 68 tab, using April 30 Ad), as the date. (Do not round intermediate calculations and round the final answers to nearest whole number.) View transaction ist Journal entry worksheet 2 3 5 > This month's depreciation on the computer equipment is $400. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Heg Heg 4 Ad Trial Bal > Req 1 and 2 Req 4 Ad) Req3 Req 4 Ad) Entries Trial Bai Req SA Req SB Reg SC Reg 6A Req 6B GL Req 7 Journalize the adjusting entries for the month, and then post to the ledger on Req 68 tab, using April 30 Adj. as the date. (Do not round intermediate calculations and round the final answers to nearest whole number.) View transaction list Journal entry worksheet 5 > Employees earned $430 of unpaid and unrecorded salaries as of month-end. Note: Enter debits before credits General Journal Debit Transaction d Credit Record entry Clear entry View general journal Req 1 and 2 Reg 3 Reg 4 Ad) Entries Req 4 Ad) Trial Bal Req SA Reg 5B Reg SC Req GA Req 68 GL Reg 7 Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adj, as the date. (Do not round intermediate calculations and round the final answers to nearest whole number.) View transaction list Journal entry worksheet 5 The company earned $2,050 of commissions that are not yet billed at month- end. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Req 1 and 2 Reg 3 Req 4 Ad) Entries Req 4 Ad) Trial Bal Reg SA Reg 5B Reg 5C Req 6A Reg 6B GL Req 7 Using adjusted account balances from Requirement 6b, prepare an adjusted trial balance as of April 30. ADVENTURE TRAVEL Adjusted Trial Balance April 30 Account Title Debit Credit 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance 167: Computer equipment 168 Accumulated depreciation Computer equipment 209. Salaries payable 307. Common stock 318: Retained earnings 319. Dividends 405 Commissions earned 612 Depreciation expense-Computer equipment 622: Salaries expense 637: Insurance expense 640. Ront expense 650: Office supplies expense 684: Repairs expense 688: Telephone expense Total $ 0 $ 0 Reg 5B Reg 5C Reg 6A Req 6B GL Reg 7 Reg 1 and 2 Reg 3 Req 4 Adj Req 4 Adi Rea SA Entries Trial Bal Prepare the income statement for the month of April 30. ADVENTURE TRAVEL Income Statement For Month Ended April 30 Revenues: Expenses Total expenses 0 $ 0 Prepare the balance sheet at April 30. ADVENTURE TRAVEL Balance Sheet April 30 0 Total assets $ 0 0 Total equity Total liabilities and equity Req 1 and 2 Req3 Req 4 Adj Entries Req 4 Adj Trial Bar Reg SA Reg SB Reg SC Reg 6A Req 6B GL Req 7 Prepare journal entries to close the temporary accounts and then post to Reg 6B General Ledger, using April 30 Close as the date. View transaction fist Journal entry worksheet 2 3 4 Record the entry to close the revenue account(s). Note: Enter debits before credits Date General Journal Debit Credit April 30 Record entry Clear entry View general Journal 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Adj Entries Req 4 Adj Trial Bal Reg SA Reg 5B Reg SC Req 6A Reg 6B GL Reg 7 Prepare journal entries to close the temporary accounts and then post to Reg 6B General Ledger, using April 30 Close as the date. View transaction tist Journal entry worksheet 1 2 3 4 Record the entry to close the expense account(s). Note: Enter debits before credits Date General Journal April 30 Debit Credit Record entry Clear entry View general journal Req 1 and 2 Req3 Reg 4 Ad) Entries Req 4 Adj Trial Bal Req SA Req 5B Reg 5C Req 6A Req 68 GL Reg 7 Prepare Journal entries to close the temporary accounts and then post to Reg 6B General Ledger, using April 30 Close as the date. View transaction fist Journal entry worksheet 4 Record the entry to close the income summary. Note: Enter debits before credits General Journal Debit Credit Date April 30 Record entry Clear entry View general Journal Reg 1 and 2 Reg SA Reg 5B Reg 5C Reg 6A Req 6B GL Reg 2 Reg 4 Ad) Req 4 Ad) Req3 Entries Trial Bal Prepare journal entries to close the temporary accounts and then post to Req 6B General Ledger, using April 30 Close as the date. View transaction ist Journal entry worksheet Record the entry to close the dividends account Note: Enter debits before credits. General Journal Debit Credit Date April 30 Record entry Clear entry View general Journal ezto.mheducation.com Red) RegA Trol Red BGE Post the materies to the diger Dewa 10 Chen Dube 104 D Crede Date Daba Credit Dale Det 17: Computer Equipment 10 Acer Depreciation Computer met Cred 10 Patie Dehe Credit BOT: Commentech Den Crede Date Die ace 31 de Dute 31 Dividende Crede OS Com De Cred Depreciation Espanse.Com Crede Base carme Date Det Creo Date 640 Red Expense Det Bras 188: Office Supplies per Det Cred Date Balance 684 Repairs Expense Debit Credit 688 Telephone Expense Debil Credit Dato Balance Date Balance 001: Income Summary Debit Credit Date Balance Reg? Complete this question by entering your answers in the tabs below. Req 5B Reg 5C Req 6A Req 6B GL Req 7 Req 1 and 2 Reg 3 Req 4 Adj Reg 4 Adj Entries Trial Bal Req SA Prepare a post-closing trial balance. ADVENTURE TRAVEL Post-Closing Trial Balance April 30 Account Title Debit Credit Totals $ 0 $ 0