Use the following information: a. Prepaid insurance of $161 has expired this month. b. At the end of the month, $500 of office supplies are still available. c. This month's depreciation on the computer equipment is $600. d. Employees earned $320 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,800 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. 50. Prepare the income statement for the month of April 30. 5b. Prepare the statement of owner's equity for the month of April 30. 5c. Prepare the balance sheet at April 30. 60. Prepare journal 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 Req3 Req 4 Adj Entries Req 4 Adj Trial Bal Req SA Req 5B Reg 5C Req 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 View journal entry worksheet No General Journal Credit Date April 01 1 Cash Computer equipment J. Nozomi, Capital Debit 50,000 35,000 85,000 2 April 02 Rent expense 2,600 Cash 2,600 3 April 03 1.400 Office supplies Cash 1.400 4 April 10 2,900 Prepaid insurance Cash 2.900 70200 Assignment Print View 1. Award 100.00 points On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's month April 1 Nozom invested $50.000 cash and computer egoment worth $35.000 in the company 2 The company rested mished office space by paying 12.000 ch for the first month's (April) rent The company purchased $1.400 of office supplies for cash 10 The company paid $2,900 cash for the premium on a 12 month insurance pohy Coverage begins on Art 11 14 The company paid $1,000 cash for two weeks reseamed by employees. 24 The company collected $10.500 cash for commissions samed 28 The company paid $1,000 cash for two weeks' salaries camed by employees 29 The company paid $400 cash for minor repairs to the company's computer 30 The company paid $1,050 cash for this month's telephone 30 Nozomi withdrew $2,400 cash from the company for personal use. 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 301 2. Nozom, Capital 302 . Nogom, Withdrawals 406 Commissions Earned 612 Depreciation Expense Computer Equi 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 $161 has expired this month. b. At the end of the month, $500 of office supplies are still available This month's depreciation on the computer equipment is $600. d. Employees earned $320 of unpaid and unrecorded salaries as of month-end. e. The company camed $1,800 of commissions that are not yet biled 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 b. prepare an unadjusted trial balance as of April 30. 4. Joumalize the adjusting entries for the month and prepare the adjusted trial balance. Sa. Prepare the income statement for the month of April 30. 5b. Prepare the statement of owner's equity for the month of April 30 5c. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement Gb. 6h. Post the journal entries to the ledger 7. Prepare a post-closing trial balance Use the following information: a. Prepaid insurance of $161 has expired this month. b. At the end of the month, $500 of office supplies are still available. c. This month's depreciation on the computer equipment is $600. d. Employees earned $320 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,800 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. 50. Prepare the income statement for the month of April 30. 5b. Prepare the statement of owner's equity for the month of April 30. 5c. Prepare the balance sheet at April 30. 60. Prepare journal 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 Req3 Req 4 Adj Entries Req 4 Adj Trial Bal Req SA Req 5B Reg 5C Req 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 View journal entry worksheet No General Journal Credit Date April 01 1 Cash Computer equipment J. Nozomi, Capital Debit 50,000 35,000 85,000 2 April 02 Rent expense 2,600 Cash 2,600 3 April 03 1.400 Office supplies Cash 1.400 4 April 10 2,900 Prepaid insurance Cash 2.900 70200 Assignment Print View 1. Award 100.00 points On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's month April 1 Nozom invested $50.000 cash and computer egoment worth $35.000 in the company 2 The company rested mished office space by paying 12.000 ch for the first month's (April) rent The company purchased $1.400 of office supplies for cash 10 The company paid $2,900 cash for the premium on a 12 month insurance pohy Coverage begins on Art 11 14 The company paid $1,000 cash for two weeks reseamed by employees. 24 The company collected $10.500 cash for commissions samed 28 The company paid $1,000 cash for two weeks' salaries camed by employees 29 The company paid $400 cash for minor repairs to the company's computer 30 The company paid $1,050 cash for this month's telephone 30 Nozomi withdrew $2,400 cash from the company for personal use. 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 301 2. Nozom, Capital 302 . Nogom, Withdrawals 406 Commissions Earned 612 Depreciation Expense Computer Equi 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 $161 has expired this month. b. At the end of the month, $500 of office supplies are still available This month's depreciation on the computer equipment is $600. d. Employees earned $320 of unpaid and unrecorded salaries as of month-end. e. The company camed $1,800 of commissions that are not yet biled 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 b. prepare an unadjusted trial balance as of April 30. 4. Joumalize the adjusting entries for the month and prepare the adjusted trial balance. Sa. Prepare the income statement for the month of April 30. 5b. Prepare the statement of owner's equity for the month of April 30 5c. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement Gb. 6h. Post the journal entries to the ledger 7. Prepare a post-closing trial balance
