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w travel agency, Adventure Travel. The following transactions occurred during the company's first month April 1 Nozomi invested $46, 000 cash and computer equipment worth
w travel agency, Adventure Travel. The following transactions occurred during the company's first month April 1 Nozomi invested $46, 000 cash and computer equipment worth $30,00e in the company in common stock. 2 The company rented furnished office space by paying $2,700 cash for the first month rMs 's (April) rent 3 The company purchased $1,800 of office supplies for cash. 18 The company p April 11 14 The company paid $1,500 cash for two weeks salaries earned by employees 24 The company collected $19,500 cash on commissions from airlines on aid $2,600 cash for the premium on a 12-month insurance policy. Coverage begins on eBock tickets obtained for customers 28 The company paid $1,s00 cash for two weeks' salaries earned by empl 29 The company paid $580 cash for minor repairs to the company 30 The company paid $1,408 cash for this month's telephone bill 30 The company paid $1,608 cash in dividends. The company's chart of accounts follows: 485 Commissions Earned 101 Cash 612 Deprec iation Expense -Computer 186 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 622 Salaries Expense 637 Insurance Expense 648 Rent Expense 168 Accumulated Deprieciation Computer Equip 658 office Supplies Expense 289 Salaries Payable 684 Repairs Expense 688 Telephone Expense 901 Income Summary 387 Common Stock 318 Retained Earnings 319 Dividends Use the following information a. Two thirds (or $144) of one month's insurance coverage has expired b. At the end of the month, $600 of office supplies are still available c. This month's denreciation on the comniuter enuinment is S600 K Prev 9 of 9l Next Type here to search Use the following information 2.24 poits a. Two-thirds (or $144) of one month's insurance coverage has expired. b. At the end of the month, $600 of office supplies are still available c. This month's depreciation on the computer equipment is $600. d. Employees earned $440 of unpaid and unrecorded salaries as of month-end e. The company earned $2,350 of commissions that are not yet billed at month-end eBook Required: Prin 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 and post the adjusting entries for the month and prepare the adjusted trial balance 5a. Prepare the income statement for the month of April 30, 2017 5b. Prepare the statement of retained earnings for the month of April 30, 2017 5c. Prepare the balance sheet at April 30, 2017 6o. Prepare journal entries to close the temporary accounts and then post to Requirement 6b 60. 6b. Post the journal entries to the ledger 7. Prepare a post-closing trial balance Complete this question by entering your answers in the tabs below. Reg 1 and 2 R3 Reg 4 Ad Re 4 Ad : entries TrialBal. Req 5A | Req 58 Req SC Req 6A Req 68 GL Reg 7 the ledger accounts in Requirement 6b. The company records prepaid and unearned items in balance sheet accounts. View transaction list Journal entry worksheet 2 345 7 1
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