Question: I need help to solve this accounting problem. I have to apply the accounting cycle to the following... roblem 4-1A Applying the accounting cycle LO

I need help to solve this accounting problem.

I need help to solve this accounting problem. I have to apply

the accounting cycle to the following... roblem 4-1A Applying the accounting cycle

LO C1, C2, P2, P3 30 Nozomi wit th's depreciation on the

computer equipment is $500 es earned $520 of unpaid and unrecorded salanes

as of month-end. pany earned $2.450 of commissions that are not yet

billed at month-end s for April and post them to the ledger

accounts in Requirem ecords prepaid and unearned items in balance sheet accounts.

count balances from Requirement 6b, prepare an unadjusted trial balance as of

April 30 ze the adjusting entries for the month and prepare the

adjusted trial balance e the income statement for the month of April

I have to apply the accounting cycle to the following...

roblem 4-1A Applying the accounting cycle LO C1, C2, P2, P3 30 Nozomi wit th's depreciation on the computer equipment is $500 es earned $520 of unpaid and unrecorded salanes as of month-end. pany earned $2.450 of commissions that are not yet billed at month-end s for April and post them to the ledger accounts in Requirem ecords prepaid and unearned items in balance sheet accounts. count balances from Requirement 6b, prepare an unadjusted trial balance as of April 30 ze the adjusting entries for the month and prepare the adjusted trial balance e the income statement for the month of April 30. 2017 e the statement of e the balance sheet at April 30.2017 re journal entries to ciose he journal entries to the lediger a post-closing trial balance owner's equity for the month of Apri 30 2017 the temporary accounts and then post to Requirement 6b. lete this question by entering your answers in the tabs below. d2Req 3 Reg 4 Adf Reg 4 Ad Req SA Req 5BRea 50 Reg 6A Rea 5B GL Reg 7 Entrie Trial Bal joumal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The prepaid and unearned items in balance sheet accounts 8 88 8 9 Prepare the income statement for the month of April.30 2017 ADVENTURE TRAVEL Income Statement For Month Ended April 30, 2017 Revenues Book Print Expenses: erences Total expenses Req 4 AdjR 4 Adj SA Req 1 and 2 Req 3 Entries Trial Bal Req SA Req 5B Prepare the statement of owner's equity for the month of April 30, 2017. (A with a minus sign.)... ADVENTURE TRAVEL Statement of Owner's Equity For Month Ended April 30. 2017 J. Nozomi, Capital. April 1, 2017 0 nt ences J Nozomi Capital April 30 2017 Req5A Req 5C Req 1 and 2 Reg3E Req 4 Ad Entries Trial Bal Req 5A Req 5B Req 50 Prepare the balance sheet at April 30, 2017. ADVENTURE TRAVEL Balance Sheet April 30, 2017 Total assets Total liabilites and equity Reg 3 Req 4 Adj Req 4 Adj Trial Bal EntriesT Req SA ournal entries to close the temporary accounts and then post to Reg 6e General Ledgerusing April 30 Clo ist rnal entry worksheet cord the entry to close revenue account's) : Enter debits before credits. Deb General Journal Apnl 30 Req 4 Adj EntriesTrial BalReq SA Reg 4 Adi Req SA Req 58 Req 5c R Req 1 and 2 Req 3 epare a post closing trial balance AD VENTURE TRAVEL Post-Closing Trial Balance April 30, 2017 Account Titl Debit Credit Totals Req 613 GL

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!