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Problem 4-1A Applying the accounting cycle LO C2, P2, P3 On April 1, Jiro Nozomi created a new travel agency, Adventure Trave
B01 5. Nozomi, Capital 302 J. Nozomi, Withdrawals Expense 684 Repairs Expense 688 Telephone Expense 981 Income Summary Use th
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Answer #1

1&2

Journal Entries (Amounts in $)
Date Account Titles and Explanations Debit Credit
Apr-01 Cash 36,000
Computer Equipment 25,000
J. Nozomi, Capital 61,000
Apr-02 Rent Expense 2,600
Cash 2,600
Apr-03 Office Supplies 1,200
Cash 1,200
Apr-10 Prepaid Insurance 2,900
Cash 2,900
Apr-14 Salaries Expense 1,600
Cash 1,600
Apr-24 Cash 8,500
Commissions Earned 8,500
Apr-28 Salaries Expense 1,600
Cash 1,600
Apr-29 Repairs Expense 350
Cash 350
Apr-30 Telephone Expense 850
Cash 850
Apr-30 J. Nozomi, Withdrawals 1,800
Cash 1,800
Posting of the Above Journal Entries Amounts in $)
Cash
Date Particulars Amount Date Particulars Amount
Apr-01 J. Nozomi, Capital 36,000 Apr-02 Rent Expense 2,600
Apr-24 Commissions Earned 8,500 Apr-03 Office Supplies 1,200
Apr-10 Prepaid Insurance 2,900
Apr-14 Salaries Expense 1,600
Apr-28 Salaries Expense 1,600
Apr-29 Repairs Expense 350
Apr-30 Telephone Expense 850
Apr-30 J. Nozomi, Withdrawals 1,800
44,500 12,300
Apr-30 Ending Balance 31600
Computer Equipment
Date Particulars Amount Date Particulars Amount
Apr-01 J. Nozomi, Capital 25,000
J. Nozomi, Capital
Date Particulars Amount Date Particulars Amount
Apr-30 Ending Balance 61,000 Apr-01 Cash 36,000
Apr-01 Computer Equipment 25,000
61,000 61,000
   J. Nozomi, Drawings
Date Particulars Amount Date Particulars Amount
Apr-30 Cash 1,800
  Rent Expense
Date Particulars Amount Date Particulars Amount
Apr-02 Cash 2,600
Office Supplies
Date Particulars Amount Date Particulars Amount
Apr-03 Cash 1,200
Prepaid Insurance
Date Particulars Amount Date Particulars Amount
Apr-10 Cash 2,900
Salaries Expense
Date Particulars Amount Date Particulars Amount
Apr-14 Cash 1,600 Apr-30 Ending balance 3,200
Apr-28 Cash 1,600
3,200 3,200
  Commissions Earned
Date Particulars Amount Date Particulars Amount
Apr-24 Cash 8,500
Repairs Expense
Date Particulars Amount Date Particulars Amount
Apr-29 Cash 350
Telephone Expense
Date Particulars Amount Date Particulars Amount
Apr-30 Cash 850
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