Homework: Adjusting Accounts Problems Assignment ACCT 211 - Fall B 2025 27

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On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 2 April 3 April 4 April 10 April 14 April 24 April 28 April 29 April 30 April 30 Nozomi invested $45,000 cash and computer equipment worth $35,000 in the company in exchange for its common stock. The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. The company purchased $1,400 of office supplies for cash The company paid $2,700 cash for a 12-month insurance policy. Coverage begins on April 11 The company paid $800 cash for two weeks' salaries earned by employees. The company collected $11,000 cash for commissions revenue The company paid $800 cash for two weeks' salaries earned by employees. The company paid $500 cash for minor repairs to computer equipment The company paid $850 cash for this month's telephone bill The company paid $1,540 cash in dividends. The company's chart of accounts follows: 101 106 124 128 167 168 209 307 318 319 Cash 403 Commissions Revenue Accounts Receivable 612 Depreciation ExpenseComputer Equipment Office Supplies 622 Salaries Expense Prepaid Insurance 637 Insurance Expense Computer Equipment 640 Rent Expense Accumulated DepreciationComputer Equipment 650 Office Supplies Expense Salaries Payable 684 Repairs Expense Common Stock 688 Telephone Expense Retained Earnings 901 Income Summary Dividends 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 $520 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,150 of commissions revenue that is not yet recorded at month-end. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req 5C Req 5D Req 6A Req 6B GL Reg 7 Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab. The company records prepaid and unearned items in balance sheet accounts.records prepaid and unearned items in balance sheet accounts. View transaction list Journal entry worksheet ook 5 6 8 9 10 Int ences Nozomi invested $45,000 cash and computer equipment worth $35,000 in the company in exchange for its common stock. Note: Enter debits before credits. Date General Journal Debit Credit April 02 Cash 45,000 Computer equipment 35,000 Common stock 80,000 Record entry clear View general journalView transaction list Journal entry worksheet The company paid $800 cash for two weeks' salaries earned by employees. Note: Enter debits before credits. Date General Journal Debit Credit April 28 Salaries expense 800 Cash 800 Mc Graw Reg 1 and 2 Reg 3 Reg 4 Reg 54 Reg 5B Reg 5C Reg 5D Reg 64 Reg 6B GL Reg 7 Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab. The company records prepaid and unearned items in balance sheet accounts. 2 3ints eBook Print Journal entry worksheet References '@0e0eg0g9e Oo @ The company paid $500 cash for minor repairs to computer equipment. Note: Enter debits before credits. 6 Req 1 and 2 Reg 3 Reg 4 Req 5A Req 5B Req 5C Req 5D Req 6A Req 6B GL Reg 7 Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab. The company records prepaid and unearned items in balance sheet accounts. 2 ints View transaction list eBook Print Journal entry worksheet References CulliPICLe THIS question by eIneTiny your disWeis III LIC LaUs UCIOW. Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req 5C Req 5D Req 6A Req 6B GL Reg 7 Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab. The company records prepaid and unearned items in balance sheet accounts. No Date General Journal Debit Credit 1 April 02 Cash 45,000 Computer equipment 35,000 Common stock V 80,000 2 April 03 Rent expense 2,300 Cash 2,300 3 April 04 Office supplies 1,400 Cash 1,400 4 April 10 Prepaid insurance V 2,700 Cash V 2,700 5 April 14 Salaries expense V 8006 April 24 Cash 11,000 Commissions revenue 11,000 7 April 28 Salaries expense 800 Cash 800 8 April 29 Repairs expense 500 Cash 500 9 April 30 Telephone expense 850 Cash 850 10 April 30 Dividends V 1,540 Cash 1,540 os 101: Cash 5 45,110 @ 106: Accounts receivable 0g 124: Office supplies 1,400 @ 128: Prepaid insurance 2,700 @ 167: Computer equipment 35,000 o 168: Accumulated depreciationComputer equipment 0 o 209: Salaries payable 0 @ 307: Common stock 80,000 @ 318: Retained earnings 0g 319: Dividends 1,540@ 403: Commissions revenue 11,000 @ 612: Depreciation expenseComputer equipment 0 @ 622: Salaries expense 1,600 o 637: Insurance expense 0 o 640: Rent expense 2,300 @ 650: Office supplies expense 0 @ 684: Repairs expense 500 o 688: Telephone expense 850 @ Totals i$ 91,000 $ 91,000 Te Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Note: Do not round intermediate calculations and round the final answers to nearest whole number. 42 1 a. Insurance expense 150 @ points Prepaid insurance 1 2 b. Office supplies expense 900 o at Office supplies 400 @ 3 c Depreciation expenseComputer equipment Accumulated depreciationComputer equipment 520@ 4 d. Salaries expense en Salaries payable 5 8. Accounts receivable 2,150 6 Commissions revenue 2,1 a > : Do not round intermediate calculations and round the final answers to nearest whole number. 42 a. Insurance expense 150 o points Prepaid insurance 150@ b. Office supplies expense 900 @ 900 & Office supplies 400 @ c Depreciation expenseComputer equipment 400@ Accumulated depreciationComputer equipment 520 @ dad Salaries expense 520@ Salaries payable 2,150 @ e. Accounts receivable 2,150@ Commissions revenue > ADVENTURE TRAVEL Adjusted Trial Balance April 30 Account Title Debit Credit 101: Cash $ 45, 110 106: Accounts receivable 2, 150 124: Office supplies 500 128: Prepaid insurance 2,550 167: Computer equipment 35,000 168: Accumulated depreciation-Computer equipment 400 209: Salaries payable 520 307: Common stock 80,000 318: Retained earnings 319: Dividends 1,540 403: Commissions revenue 13, 150 612: Depreciation expense-Computer equipment 400 622: Salaries expense 2, 120 637: Insurance expense 150 640: Rent expense 2,300 650: Office supplies expense 900 684: Repairs expense 500 688: Telephone expense 850 Totals $ 94,070 $ 94,070 Previous Next >Revenues: Commissions revenue Expenses: Salaries expense Insurance expense Rent expense Office supplies expense Depreciation expenseComputier equipment Repairs expense Telephone expense at income 6 e. I ne company earned $2,15U Of commissions revenue that Is not yet recorded at montn-end. Complete this question by entering your answers in the tabs below. 4.2 points Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req 5C Req 5D Req 6A Req 6B GL Reg 7 eBook Prepare the statement of retained earnings for the month of April 30. Print References ADVENTURE TRAVEL Statement of Retained Earnings For Month Ended April 30 Retained earnings, April 1 $ 0 Add: Net income 5,930 5,930 Less: Dividends 1,540 Retained earnings, April 30 $ 4,390 6 ADVENTURE TRAVEL Balance Sheet April 30 4.2 Assets points Cash $ 45, 110 Accounts receivable 2,150 eBook Office supplies 500 Prepaid insurance 2,550 Print Computer equipment $ 35,000 References Accumulated depreciation-Computer equipment 400 34,600 Total assets $ 84,910 Liabilities Salaries payable $ 520 Equity Common stock $ 80,000 Retained earnings 4,390 Total equity 84,390 Total liabilities and equity $ 84,910 6 View transaction list 4.2 Journal entry worksheet points eBook Record the entry to close the revenue account(s). Print References Note: Enter debits before credits. Date General Journal Debit Credit April 30 Commissions revenue 13, 150 Income summary 13, 150 Record entry clear View general journal 6 Journal entry worksheet 4.2 Record the entry to close the expense account(s). points eBook Note: Enter debits before credits. Print Date General Journal Debit Credit References April 30 Income summary 7,220 Salaries expense 2, 120 Insurance expense 150 Rent expense 2,300 Office supplies expense 900 Depreciation expense-Computer equipment 400 Repairs expense 500 Telephone expense 850 Record entry clear View general journal6 Journal entry worksheet 4.2 Record the entry to close the income summary. points eBook Note: Enter debits before credits. Print Date General Journal Debit Credit References April 30 Income summary 5,930 Retained earnings 5,930 Record entry clear View general journal 42 points eBook Print References Journal entry worksheet 6 General Ledger accounts 101: Cash 106: Accounts Receivable 4.2 Date Debit Credit Balance Date Debit points Credit Balance April 2 45,000 45,000 April 30 Adjusted 2, 150 2, 150 April 24 11,000 56,000 eBook April 3 2,300 53,700 Print April 4 1,400 52,300 References April 10 2,700 49,600 April 14 800 48,800 April 28 800 48,000 April 29 500 47,500 April 30 850 46,650 April 30 1,540 45, 110 124: Office Supplies 128: Prepaid Insurance Date Debit Credit Balance Date Debit Credit Balance April 4 1,400 1,400 April 10 2,700 2,700 April 30 Adjusted 900 500 April 30 Adjusted 150 2,5506 167: Computer Equipment 168: Accumulated Depreciation-Computer Equipment Date Debit Credit Balance Date Debit Credit Balance 4.2 points April 2 35,000 35,000 April 30 Adjusted 400 400 eBook Print References 209: Salaries Payable 307: Common Stock Date Debit Credit Balance Date Debit Credit Balance April 30 Adjusted 520 520 April 2 80,000 80,000 318: Retained Earnings 319: Dividends Date Debit Credit Balance Date Debit Credit Balance April 30 Close 5,930 5,930 April 30 1,540 1,5406 403: Commissions Revenue 612: Depreciation Expense-Computer Equipment Date Debit Credit Balance Date Debit Credit Balance 4.2 April 24 11,000 11,000 April 30 Adjusted 400 400 points April 30 Adjusted 2, 150 13, 150 April 30 Close 400 0 April 30 Close 13,150 0 eBook Print 622: Salaries Expense 637: Insurance Expense References Date Debit Credit Balance Date Debit Credit Balance April 14 800 800 April 30 Adjusted $ 150 150 April 28 800 1,600 April 30 Close 150 April 30 Adjusted 520 2, 120 April 30 Close 2, 120 0 640: Rent Expense 650: Office Supplies Expense Date Debit Credit Balance Date Debit Credit Balance April 3 2,300 2,300 April 30 Adjusted 900 900 April 30 Close 2,300 0 April 30 Close 900 06 684: Repairs Expense 688: Telephone Expense Date Debit Credit Balance Date Debit Credit Balance 4.2 April 29 500 500 April 30 850 850 points April 30 Close 500 0 April 30 Close 850 0 eBook Print 901: Income Summary References Date Debit Credit Balance April 30 Close 13,150 13, 150