Question: i need help on req 1 to req 7 Problem 3-5A (Algo) Applying the accounting cycle LO P1, P3, P4, P5, P6 On April 1,


Problem 3-5A (Algo) Applying the accounting cycle LO P1, 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 2 Nozoni invested $39,000 cash and computer equipment worth $35,000 in the company in exchange for its common stock April 3 The company rented furnished office space by paying $1,600 cash for the first month's (April) rent. April 4 The company purchased $1,100 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 $900 cash for two weeks! salaries earned by employees. April 24 The company collected $11,500 cash for commissions revenue. April 28 The company paid $900 cash for two weeks! salaries earned by employees. April 29 The company paid $350 cash for minor repairs to computer equipment. April 30 The company paid $1,000 cash for this month's telephone bill April 30 The company paid $1,580 cash in dividends. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation Computer Equipment 209 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends 403 Commissions Revenue 612 Depreciation Expense-Computer Equipment 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary 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. 111 Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Req 5A Req 5B Req 5C Req SD Reg 6A Reg 6B GL Reg 7 Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 68 GL tab. The compar records prepaid and unearned items in balance sheet accounts. View transaction list View journal entry worksheet No Date General Journal Credit April 02 Cash Computer equipment Common stock Debit 39,000 35 000 74.000 2 1,000 April 03 Rent expenso Cash 1,000 1,100 3 April 04 Otice supplies Cash 1.100 2,700 4 April 10 Prepaid insurance Cash 2,700 Use the following information to prepare adjusting entries: o. 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 $540 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,850 of commissions revenue that is not yet recorded at month-end. Required: 1. & 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 68 GL 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 6B GL tab, using April 30 Adjusted as the date 5o. Using adjusted account balances from Requirement 68 GL tab, prepare an adjusted trial balance as of April 30 5b. Prepare the income statement for the month of April 30. Prepare the statement of retained earnings for the month of April 30. 5d. Prepare the balance sheet at April 30. 60. Prepare Journal entries to close the temporary accounts and then post to Requirement 68 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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