The following information applies to the questions displayed below.] On April 1, 2015, Jennifer Stafford created a new travel agency, See-It-Now Travel. The following transactions occurred during the company's first month. April 1 Stafford invested $20,000 cash and computer equipment worth $40,000 in the company. 2 The company rented furnished office space by paying $1,700 cash for the first month's (April) rent. 3 The company purchased $1,100 of office supplies for cash. 0 The company paid $3,600 cash for the premium on a 12-month insurance policy. Coverage begins on April 11 14 The company paid $1,800 cash for two weeks' salaries earned by employees. 24 The company collected $7,900 cash on commissions from airlines on tickets obtained for customers. 28 The company paid $1,800 cash for two weeks' salaries earned by employees. 29 The company paid $250 cash for minor repairs to the company's computer 30 The company paid $650 cash for this month's telephone bil 30 Stafford withdrew $1,500 cash from the company for personal use. The company's chart of accounts follows: 405 Commissions Earned 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 101 Cash 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depr 209 Salaries Payable 301 J. Stafford, Capital 302 J. Stafford, Withdrawals uter Equip. Use the following information: THe company's chart of accounts follows: 101 Cash 06 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip. 209 Salaries Payable 301 J. Stafford, Capital 302 J. Stafford, Withdrawals 405 Commissions Earned 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. Two-thirds of one month's insurance coverage has expired. b. At the end of the month, $700 of office supplies are still available. c. Thi d. Employees earned $320 of unpaid and unrecorded salaries as at month-end. e. The company earned $1,650 of commissions that are not yet billed at month-end. s month's depreciation on the computer equipment is $600. value: 10.00 points Required: 2. Prepare joumal entries to record the transactions for April. The company records prepaid and unearned items in statement of financial position accounts. (Omit the "$" sign in your response.) 3. Prepare an unadjusted trial balance as at April 30. (Please prepare your trial balance in chart of unts order given in the question. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) SEE-IT-NOW TRAVEL Unadjusted Trial Balance April 30, 2015 t for 20.00 points sign in your response b. C. d. (Click to and 20.00 points statement for the month of April 30, 2015. (Input all amounts as positive values. Omit the "$" sign in your response.) SEE-IT-NOW TRAVEL Ended April 30, 2015 Expenses 5.2 Prepare the statement of changes in equity for the month of April 30, 2015. (Leave no cells blank - be wherever required. Amounts to be deducted should be indicated by a minus sign. Omit the "$" sign in your response.) 5.2 Prepare the statement of changes in equity for the month of April 30, 2015. (Leave no cells blank -be certain to enter "O" wherever required. Amounts to be deducted should be indicated by a minus sign. Omit the "$" sign in your response.) of Changes in Equity For Month Ended April 30, 2015 5.3 Prepare the statement of financial position at April 30, 2015. (Be sure to list the assets and liabilities quidity Amounts to be deducted shouid be indicated by a minus sign Om 30, 2015 re the statement of financial position at April 30, 2015. (Be sure to list the assets and liabilities in order of their liquidity. Amounts to be deducted should be indicated by a minus sign. Omit the "$" sign in your response.) SEE-IT-NOW TRAVEL April 30, 2015 (Click to
