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

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The task: On Aprit 1, 2011, 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 $42,000 cash and computer equipment worth $30,000 in the company 2 The company rented furnished office space by paying $2.300 cash tor the first month's (Aprin) rent 3 The comparry purchased 51,800 of efice supplies for cash 10 The company pnid $2.900 cash for the oremhurm on a 12-mionth insurence polcy Coverage begins on Apel 11 14 The company paid $800 cash for two weeks salanes esmed by employees 24 The company collected $11000 cash on cormmissions from ab arlines on tickets obtsined fo customers 28 The company paid $800 cash for two weeks salaries earned by employees 29 The company peid $400 cash for minor repairs to the compay's computet 30 The company pald $1.250 cash for this month's telephone bm 30 Stafford withdrew $2.300 cash from the compary for personal use The company's chart of accounts follows 101 Cash 405 Commissions Earned 612 Depreciation 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 24 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation -Computer Equip. 650 Office Supplies Expense 209 Salaries Payable 301 J. Stafford, Capital 684 Repairs Expense 688 Telephone Expense 901 Income Summary 302 J. Stafford, Withdrawals 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 1- Prepare journal entries to record the transactions for April and post them to the ledger 2- Prepare an unadjusted trial balance as of April 30. (Please prepare your trial balance in chart of accounts. 3- Journalize and post adjusting entries for the month and prepare adjusted trial balance as of April 4- Prepare the income statement for the month of April 30, 2011, the statement of owner's equity 5- Prepare journal entries to close the temporary accounts and prepare a post-closing trial balance. accounts order given in the question). 30. for the month of April 30, 2011 and the balance sheet at April 30, 2011

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