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Using account balances from Requirement 6B, prepare an unadjusted trial balance as of April 30. Prepare journal entries to record the transactions for April and
Using account balances from Requirement 6B, prepare an unadjusted trial balance as of April 30. Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab company records prepaid and unearned items in balance sheet accounts. \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total expenses & & $ \\ \hline & & \\ \hline \end{tabular} Complete this question by entering your answers in the tabs below. Journalize the adjusting entries for the month, and then post to the ledger on Requirement 6B GL tab, using April 30 Adjusted as the date. Note: Do not round intermediate calculations and round the final answers to nearest whole number. Use the following information to prepare adjusting entries: a. Prepaid insurance of $150 expired this month. b. At the end of the month, $500 of office supplies are still available. c. This month's depreciation on computer equipment is $400. d. Employees earned $370 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,800 of commissions revenue that is not yet recorded at month-end. The company's chart of accounts follows: On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 2 Nozomi invested $39,000 cash and computer equipment worth $2,00 in the company in exchange for its common stock. April 3 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. April 4 The company purchased $1,600 of office supplies for cash. April 10 The company paid $2,700 cash for a 12-month insurance policy. Coverage begins on April 11 . April 14 The company paid $1,400 cash for two weeks' salaries earned by employees. April 24 The company collected $11,500 cash for commissions revenue. April 28 The company paid $1,400 cash for two weeks' salaries earned by employees. April 29 The company paid $400 cash for minor repairs to computer equipment. April 30 The company paid $1,250 cash for this month's telephone bill. April 30 The company paid $1,520 cash in dividends. Prepare the income statement for the month of April 30. Complete this question by entering your answers in the tabs below. Using adjusted account balances from Requirement 6B GL tab, prepare an adjusted trial balance as of April 30 . \begin{tabular}{|l|l|l|} \hline 168: Accumulated depreciation_Computer equipment & & \\ \hline 209: Salaries payable & & \\ \hline 307: Common stock & & \\ \hline 318: Retained earnings & & \\ \hline 319: Dividends & & \\ \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 & $ & \multicolumn{1}{|c|}{0} \\ \hline Totals & & \\ \hline \end{tabular} Required: 1. \& 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 6BGL tab. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6B GL tab, prepare an unadjusted trial balance as of April 30 . 4. Journalize the adjusting entries for the month, and then post to the ledger on Requirement 6BGL tab, using April 30Adjusted as the date. 5a. Using adjusted account balances from Requirement 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 retained earnings for the month of April 30. 5d. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6B GL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance
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