Stuck on the Accounting System Creation, any help would be very much appreciated
On April 1, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's firs month. April 2 Nozon invested $40,000 cash and coeputer equipment worth $30,000 in the company. April 3 The cospany rented furnished office space by paying $1,900 cash for the first month's (April) rent. Apri1 4 The company purchased $1,700 of of 1 ce supplien for cash. Apri1 10 The company paid $2,800 cash for a 12 -month insurance policy. Coverage begine on April 11. April 14 The company pald $900 cash for two weks', walarien earned by employees. April 24 The company collected $10,000 canh for commiasions revenue. April 28 The company paid $900 cash for two veekn' salaries earned by omployees. Apr\$1 29 The company paid $450 enah for minor repairs to computer equipment. April 30 The cospany paid $800 calh tor this month'n telephono bill. April 30 Nozori vithdrev $2,500 cash from the company for personal use. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $156 expired this month. b. At the end of the month, $500 of office supplies are still avallable. c. This month's depreciation on computer equipment is $400. d. Employees earned $580 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,300 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. 5a. Using adjusted account balances from Req 6B GL tab, prepare an adjusted trial balance as of April 30. 5b. Prepare the income statement for the month of April 30 . 5c. Prepare the statement of owner's equity for the month of April 30. 5d. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary occounts and then post to Req 6B GL tapb, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. April 30 Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date. Note: Do not round intermediate calculations and round the final answers to nearest whole number. Adjusted Trial Balance April 30 \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Account Title } & Debit & Credit \\ \hline 101: Cash & & \\ \hline 106: Accounts receivable & & \\ \hline 124: Office supplies & & \\ \hline 128: Prepaid insurance & & \\ \hline 167: Computer equipment & & \\ \hline 168: Accumulated depreciation-Computer equipment & & \\ \hline 209: Salaries payable & & \\ \hline 301: J. Nozomi, Capital & & \\ \hline 302: J. Nozomi, Withdrawals & & \\ \hline 403: Commissions revenue & & \\ \hline 612: Depreciation expense-Computer equipment & & \\ \hline 622: Salaries expense & & \\ \hline 637: Insurance expense & & \\ \hline 640: Rent expense & & \\ \hline 650: Office supplies expense & & \\ \hline 684: Repairs expense & & \\ \hline 688: Telephone expense & & \\ \hline Total & & \\ \hline \end{tabular} Prepare the income statement for the month of April 30. Prepare the statement of owner's equity for the month of April 30. Prepare the balance sheet at April 30. repare journal entries to close the temporary accounts and then post to Req 6B GL tab, usin Post the joumal entries to the ledger. Note: For April 30, choose the dropdown that most accurately describes the entry. Prepare a post-closing trial balance. On April 1, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's firs month. April 2 Nozon invested $40,000 cash and coeputer equipment worth $30,000 in the company. April 3 The cospany rented furnished office space by paying $1,900 cash for the first month's (April) rent. Apri1 4 The company purchased $1,700 of of 1 ce supplien for cash. Apri1 10 The company paid $2,800 cash for a 12 -month insurance policy. Coverage begine on April 11. April 14 The company pald $900 cash for two weks', walarien earned by employees. April 24 The company collected $10,000 canh for commiasions revenue. April 28 The company paid $900 cash for two veekn' salaries earned by omployees. Apr\$1 29 The company paid $450 enah for minor repairs to computer equipment. April 30 The cospany paid $800 calh tor this month'n telephono bill. April 30 Nozori vithdrev $2,500 cash from the company for personal use. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $156 expired this month. b. At the end of the month, $500 of office supplies are still avallable. c. This month's depreciation on computer equipment is $400. d. Employees earned $580 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,300 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. 5a. Using adjusted account balances from Req 6B GL tab, prepare an adjusted trial balance as of April 30. 5b. Prepare the income statement for the month of April 30 . 5c. Prepare the statement of owner's equity for the month of April 30. 5d. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary occounts and then post to Req 6B GL tapb, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. April 30 Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date. Note: Do not round intermediate calculations and round the final answers to nearest whole number. Adjusted Trial Balance April 30 \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Account Title } & Debit & Credit \\ \hline 101: Cash & & \\ \hline 106: Accounts receivable & & \\ \hline 124: Office supplies & & \\ \hline 128: Prepaid insurance & & \\ \hline 167: Computer equipment & & \\ \hline 168: Accumulated depreciation-Computer equipment & & \\ \hline 209: Salaries payable & & \\ \hline 301: J. Nozomi, Capital & & \\ \hline 302: J. Nozomi, Withdrawals & & \\ \hline 403: Commissions revenue & & \\ \hline 612: Depreciation expense-Computer equipment & & \\ \hline 622: Salaries expense & & \\ \hline 637: Insurance expense & & \\ \hline 640: Rent expense & & \\ \hline 650: Office supplies expense & & \\ \hline 684: Repairs expense & & \\ \hline 688: Telephone expense & & \\ \hline Total & & \\ \hline \end{tabular} Prepare the income statement for the month of April 30. Prepare the statement of owner's equity for the month of April 30. Prepare the balance sheet at April 30. repare journal entries to close the temporary accounts and then post to Req 6B GL tab, usin Post the joumal entries to the ledger. Note: For April 30, choose the dropdown that most accurately describes the entry. Prepare a post-closing trial balance
