Question
PLEASE HELP!!!!!

Problem 3-5A Applying the accounting cycle LO P1, P2, P3, P4, P5, P6, P7, P8 On April 1, Jiro Nozomi created a new travel age
318 Retained Earnings 319 Dividends 901 Income Summary Use the following information: a. Prepaid insurance of $156 has expire
Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Adi Entries Req 4 Adi Trial Bal Req
405: Commissions eamed 612: Depreciation expense--Computer equipment 622: Salaries expense 637: Insurance expense 640: Rent e
Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adj. as the date. (
Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adj. as the date. (
Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adj. as the date. (
Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adj. as the date. (
Journalize the adjusting entries for the month, and then post to the ledger on Req 68 tab, using April 30 Adj. as the date. (
compreeus quest wy emery your answers ausw. Req 1 and 2 Req3 Req 4 Adi Entries Req 4 Adj Trial Bal Req5A Reg 5B Req 5C Reg 6A
es 622: Salaries expense 637: Insurance expense 640: Rent expense 650: Office supplies expense 684: Repairs expense 688: Tele
Prepare the income statement for the month of April 30. ADVENTURE TRAVEL Income Statement For Month Ended April 30 Revenues E
Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Adj Entries Req 4 Adj Trial Bal Req
ADVENTURE TRAVEL Balance Sheet April 30 Total assets 0 0 $ 0 Total equity Total liabilities and equity 0 < Req 5B Req 6A >
Prepare journal entries to close the temporary accounts and then post to Req6B General Ledger, using April 30 Close as the da
Journal entry worksheet < 1 2 2. 3 4 Record the entry to close the expense account(s). Note: Enter debits before credits. Dat
ork Saved Journal entry worksheet < 1 2 4 3 Record the entry to close the income summary. Note: Enter debits before credits.
Journal entry worksheet < 1 2 3 Record the entry to close the dividends account. Note: Enter debits before credits. Date Gene
General edger account 101: Casa 10. Account Ruble Debit Credit Date Debit Credil Balance Balance 124: Office Supplies Debit C
167: Computer Equipment Dobit Credit Date Riccumulated Depreciation Computer equipment Dobil Credit Balance Balance Date 209:
Check 405: Commissions Earned Debit Credit 612: Depreciation Expense Computer Equipment Date Debit Credit Balance Date Balanc
684: Repairs Expense Dobit Credit Date Balance 688: Telephone Expense Debit Credit Date Balance 901: Income Summary Debit Cre
Req 1 and 2 Reg 3 Req 4 Adj Entries Req 4 Adj Trial Bal Req SA Req 5B Req 5C Req 6A Req 6B GL Req 7 Prepare a post-closing tr
0 0
Add a comment Improve this question Transcribed image text
Answer #1
Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks!
Due to character limit I am attaching the image.
Nozomi Answer -1 Journal Entries
Date Account Debit Credit
April 1st Cash      40,000.00
Computer Equipment      35,000.00
J. Nozomi, Capital      75,000.00
(being share capital raised by providing cash and Equipment)
April 2nd Rent Expense        2,000.00
Cash        2,000.00
(being rent paid for the month)
April 3rd Office Supplies        1,500.00
Cash        1,500.00
(being office supplies purchased)
April 10th Prepaid Insurance        2,800.00
Cash        2,800.00
(being insurance expense paid for the year)
April 14th Salaries Expense           800.00
Cash           800.00
(being salaries paid for two weeks.)
April 24th Cash      14,500.00
Commission Earned      14,500.00
(being commission income earned)
April 28th Salaries Expense           800.00
Cash           800.00
(being salaries paid for two weeks.)
April 29th Repairs Expense           300.00
Cash           300.00
(being repairs paid in cash.)
April 30th Telephone Expense           900.00
Cash           900.00
(being Telephone Bill paid in cash.)
April 30th Dividends        1,600.00
Cash        1,600.00
(being cash withdrawn for personal use.)
Answer 3- Unadjusted Trial Balance Debit   Credit
Cash      43,800.00
Accounts Receivable                    -  
Office Supplies        1,500.00
Prepaid Insurance        2,800.00
Computer Equipment      35,000.00
Accumulated Depreciation—Computer Equip.                    -  
Salaries Payable                    -  
J. Nozomi, Capital      75,000.00
Dividends        1,600.00
Commission Earned      14,500.00
Depreciation Expense—Computer Equip.                    -  
Salaries Expense        1,600.00
Insurance Expense                    -  
Rent Expense        2,000.00
Office Supplies Expense                    -  
Repairs Expense           300.00
Telephone Expense           900.00
Total     89,500.00     89,500.00
Answer 4- Adjustment Entries
April 30th Insurance Expense           156.00
Prepaid Insurance           156.00
(being insurance expense recorded for April)
April 30th Office Supplies Expense           800.00
Office Supplies           800.00
(being office supplies expense booked for April)
April 30th Depreciation Expense—Computer Equip.           500.00
Accumulated Depreciation—Computer Equip.           500.00
Know the answer?
Add Answer to:
PLEASE HELP!!!!! Problem 3-5A Applying the accounting cycle LO P1, P2, P3, P4, P5, P6, P7,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Problem 3-5A Applying the accounting cycle LO P1, P2, P3, P4, P5, P6, P7, P8 On...

    Problem 3-5A Applying the accounting cycle LO P1, P2, P3, P4, P5, P6, P7, P8 On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 1 Nozoni invested $30,000 cash and computer equipment worth $20,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. 3 The company purchased $1,000 of office supplies...

  • Problem 3-5A Applying the accounting cycle LO P1, P2, P3, P4, P5, P6, P7, P8 On...

    Problem 3-5A Applying the accounting cycle LO P1, P2, P3, P4, P5, P6, P7, P8 On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozoni invested $30,000 cash and computer equippent worth $20,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. 3 The company purchased $1,000 of office supplies...

  • Check my Problem 3-5A Applying the accounting cycle LO P1, P2, P3, P4, P5, P6, P7,...

    Check my Problem 3-5A Applying the accounting cycle LO P1, P2, P3, P4, P5, P6, P7, P8 On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Noroni invested $30,000 cash and computer equipment worth $20,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. 3 The company purchased $1,000 of...

  • Problem 3-5A (Algo) Applying the accounting cycle LO P1, P2, P3, P4, P5, P6 On April...

    Problem 3-5A (Algo) Applying the accounting cycle LO P1, P2, P3, P4, P5, P6 On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $49,000 cash and computer equipment worth $30,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,600 cash for the first month's (April) rent. 3 The company purchased $1,200 of office supplies for...

  • Problem 3-6A Applying the accounting cycle LO P1, P2, P3, P4, P5 On April 1, 2017,...

    Problem 3-6A Applying the accounting cycle LO P1, P2, P3, P4, P5 On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $A7,000 cash and computer equipment worth $25,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,500 cash for the first month's (April) rent. 3 The company purchased $1,100 of office supplies for cash....

  • Problem 3-6A Applying the accounting cycle LO P1, P2, P3, P4, P5 On April 1, 2017, Jiro Nozomi cr...

    Problem 3-6A Applying the accounting cycle LO P1, P2, P3, P4, P5 On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $31,000 cash and computer equipment worth $30,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,200 cash for the first month's (April) rent 3 The company purchased $1,300 of office supplies for cash...

  • Problem 4-1A Applying the accounting cycle LO C2, P2, P3 On April 1, Jiro Nozomi created...

    Problem 4-1A Applying the accounting cycle LO C2, P2, P3 On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $40,000 cash and computer equipment worth $25,000 in the company. 2 The company rented furnished office space by paying $2,400 cash for the first month's (April) rent. 3 The company purchased $1,200 of office supplies for cash. 10 The company paid $2,000 cash for the...

  • Problem 4-1A Applying the accounting cycle LO C2, P2, P3 On April 1, Jiro Nozomi created...

    Problem 4-1A Applying the accounting cycle LO C2, P2, P3 On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $40,000 cash and computer equipment worth $25,000 in the company. 2 The company rented furnished office space by paying $2,400 cash for the first month's (April) rent. 3 The company purchased $1,200 of office supplies for cash. 10 The company paid $2,000 cash for the...

  • WANT THE ANSWER FOR 6A 6B & 7!!WANT THE ANSWER FOR 6A 6B & 7!! Problem...

    WANT THE ANSWER FOR 6A 6B & 7!!WANT THE ANSWER FOR 6A 6B & 7!! Problem 3-5A (Algo) Applying the accounting cycle LO P1, P2, P3, P4, P5, P6 On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $49,000 cash and computer equipment worth $30,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,600 cash...

  • On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred...

    On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. 1 Nozomi invested $45,000 cash and computer equipment worth $20,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,500 cash for the first month's (April) rent. 3 The company purchased $1,300 of office supplies for cash. 10 The company paid $2,400 cash for the premium on a 12-month insurance policy....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT