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The task: On April 1, 2011, Jennifer Stafford created a new travel agency occurred during the company's first month See-it-Now Travel. The following transactions April

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The task: On April 1, 2011, Jennifer Stafford created a new travel agency occurred during the company's first month See-it-Now Travel. The following transactions April 1 Stafford invested $42.000 cash and computer equipment worth $30,000 in the company company rented furnished office space by paying $2.300 cash for the first month's April) rent 3 The company purchased $1,800 of office supplies for cash 10 The company paid $2.900 cash for the premium on a 12-month insurance policy Coverage begins on April 11 14 The company paid $800 cash for two employees 24 The company collected $11,000 cash on commissions from airlines on tickets obtained for weeks' salaries earned by customers 28 The company paid $800 cash for two weeks' salaries eaned by employees 29 The company paid $400 cash for 30 The company paid S1.250 cash for this month's telephone bill. 30 Stafford withdrew $2.300 cash from the company for personal use minor repairs to the company's computer The company's chart of accounts follows: 405 Commissions Earned 612 Depreciation Expense-Computer Equip 622 Salarnes Expense 637 Insurance Expense 640 Rent Expense 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip 650 Office Supplies Expense 209 Salaries Payable 301 J, Stafford, Capital 302 J. Stafford, Withdrawals 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, $400 of office supplies are still available C This month's depreciation on the computer equipment is $600 d. Employees earned $470 of unpaid and unrecorded salaries as of month-end e. The company earned $2,150 of commissions that are not yet billed at month-end Required Prepare journal entries to record the transactions for April and post them to the ledger 1- accounts. Prepare an unadjusted trial balance as of April 30. (Please prepare your trial balance in chart of 2- accounts order given in the question). Journalize and post adjusting entries for the month and prepare adjusted trial balance as of April 3- 30. 4. Prepare the income statement for the month of April 30, 2011, the statement of owner's equity for the month of April 30, 2011 and the balance sheet at April 30, 2011. 5- Prepare journal entries to close the temporary accounts and prepare a post-closing trial balance

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