On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred...
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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 Nozomi invested $44,000 cash and computer equipment worth $20,000 in the company. April 3 The company rented furnished office space by paying $2,200 cash for the first month's (April) rent. April 4 The company purchased $1,600 of office supplies for cash. April 10 The company paid $2,800 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,600 cash for two weeks' salaries earned by employees. April 24 The company collected $9,500 cash for commissions revenue. April 28 The company paid $1,600 cash for two weeks' salaries earned by employees. April 29 The company paid $300 cash for minor repairs to computer equipment. April 30 The company paid $900 cash for this month's telephone bill. April 30 Nozomi withdrew $2,200 cash from the company for personal use. 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 301 3. Nozomi, Capital 382 3. Nozomi, Withdrawals Use the following information to prepare adjusting entries: a. Prepaid Insurance of $156 expired this month. 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 b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on computer equipment is $500. d. Employees earned $330 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,350 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 Req 6B GL tab. The company records prepaid and unearned Items in balance sheet accounts. 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. 4. Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Req 6B GL tab, prepare an adjusted trial balance as of April 30. 5b. Prepare the Income statement for the month of April 30. 5c. Prepare the statement of owner's equity for the month of April 30. 5d. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Req 6B GL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5A Req 58 Req 5C Req 5D Req 6A Req 6B GL Req 7 Prepare journal entries to record the transactions for April and post them to ledger accounts in Req 6B GL tab. The company records prepaid and unearned items in balance sheet accounts. No 1 Date April 02 General Journal Cash Computer equipment J. Nozomi, Capital Debit Credit 44,000 ✓ 20,000 → 64,000 2 April 03 Rent expense 2,200 Cash 2,200 3 April 04 Office supplies ✔ 1,600 Cash ✔ 1,600 4 April 10 Prepaid insurance 2,800 Cash ✔ 2,800 5 April 14 Salaries expense ✔ 1,600 Cash 1,600✔ 6 April 24 Cash 9,500- Commissions revenue 9,500 7 April 28 Salaries expense ✔ 1,600 Cash ✔ 1,600 8 April 29 Repairs expense Cash 9 April 30 Telephone expense Cash 300- ✔ 300- ✔ 900 → ✓ 900- 10 April 30 J. Nozomi, Withdrawals Cash < Req 1 and 2 Req 3 > 2,200 → 2,200 Answer is not complete. 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 Req 7 Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. ADVENTURE TRAVEL Unadjusted Trial Balance April 30 Account Title Debit Credit 101: Cash $ 40,300 108: Accounts receivable 0 124: Office supplies 1,600 128: Prepaid insurance 2,800 167: Computer equipment 20,000 168: Accumulated depreciation-Computer equipment 209: Salaries payable 301: J. Nozomi, Capital 64,000 302: J. Nozomi, Withdrawals 2,200 403: Commissions revenue 9,500- 612: Depreciation expense-Computer equipment 622: Salaries expense 3,200 637: Insurance expense 640: Rent expense 650: Office supplies expense 684: Repairs expense 688: Telephone expense Total 2,200 300- $ 900- 73,500 $ 73,500 < Req 1 and 2 Req 4 > Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req SA Req 5B Req 5C Req 5D Req 6A Req 6B GL Req 7 Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date. Note: Do not round intermediate calculations and round the final answers to nearest whole number. No Transaction General Journal 1 3. Insurance expense Prepaid insurance 2 b. 3 C. 4 d. Office supplies expense Office supplies Depreciation expense-Computer equip. Accumulated depreciation-Computer equip. Salaries expense Salaries payable 5 e Accounts receivable Commissions revenue < Req 3 Req 5A > Debit Credit >> 158 158 → ✔ 1,000 → ✔ 1,000 >> >> 500- 500 ✔ 330- 330 2,350 2,350 Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req SA Req 5B Req 5C Req 5D Req 6A Req 6B GL Req 7 Using adjusted account balances from Req 6B GL tab, prepare an adjusted trial balance as of April 30. ADVENTURE TRAVEL Adjusted Trial Balance April 30 Account Title Debit Credit 101: Cash 108: Accounts receivable $ 40,300 2,350 124: Office supplies 600 128: Prepaid insurance 2,644 167: Computer equipment 20,000 168: Accumulated depreciation-Computer equipment 500 209: Salaries payable 330 301: J. Nozomi, Capital 64,000 302: J. Nozomi, Withdrawals 2,200 403: Commissions revenue 612: Depreciation expense-Computer equipment 11,850 500✓ 622: Salaries expense 637: Insurance expense 640: Rent expense 3,530 158 2,200 650: Office supplies expense 684: Repairs expense 688: Telephone expense Total 1,000 → 300 900- $ 76,680 $ 76,680 < Req 4 Req 5B > Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req SC Req 5D Req 6A Req 6B GL Req 7 Prepare the income statement for the month of April 30. ADVENTURE TRAVEL Revenues: Income Statement For Month Ended April 30 Commissions revenue Expenses: Depreciation expense-Computer equipment ✓ 500 Salaries expense ✓ 3,530 Insurance expense 156 Rent expense 2,200 Office supplies expense Repairs expense Telephone expense Total expenses Net income 1,000 300 → 900✓ $ 11,850 8,588 $ 3,264 < Req 5A Req 5C > Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req SC Req 5D Req 6A Req 6B GL Req 7 Prepare the statement of owner's equity for the month of April 30. ADVENTURE TRAVEL Statement of Owner's Equity For Month Ended April 30 J. Nozomi, Capital, April 1 $ 0 Add: Investments by owner $ 64,000 Add: Net income 0 3,264 Less: Withdrawals by owner J. Nozomi, Capital, April 30 67,284 2,200 $ 65,064 < Req 5B Req 5D > Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req SC Req 5D Req 6A Req 6B GL Req 7 Prepare the balance sheet at April 30. Cash Office supplies Prepaid insurance ADVENTURE TRAVEL Balance Sheet April 30 Assets Accounts receivable Computer equipment Accumulated depreciation-Computer equipment Total assets Liabilities Salaries payable Equity J. Nozomi, Capital Total liabilities and equity S 40,300 ✓ 600 → ✓ 2,644 2,350 ✓ $ 20,000 (500) - 19,500 S 65,394 S 330 65,064 S 65,394 < Req 5C Req 6A > Answer is not complete. 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 Req 7 Prepare journal entries to close the temporary accounts and then post to Req 6B GL tab, using April 30 Close as the date. No 1 Date April 30 General Journal Commissions revenue Income summary 2 April 30 Income summary Depreciation expense-Computer equip Salaries expense Insurance expense Rent expense Office supplies expense Repairs expense Telephone expense 3 April 30 Income summary J. Nozomi, Capital 4 April 30 J. Nozomi, Capital J. Nozomi, Withdrawals < Req 5D Req 6B GL > Debit Credit 11,850 11,850 8,586 500 3,530 158 ☑ 2,200 1,000- 300- 900 3,264 3,264 2,200 2,200 Answer is not complete. 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 Req 7 Post the journal entries to the ledger. Note: For April 30, choose the dropdown that most accurately describes the entry. General Ledger accounts 101: Cash 106: Accounts Receivable Date Debit Credit Balance Date Debit Credit April 2 April 3 April 4 44,000 → 44,000 April 30 Adjusted 2,350 Balance 2,350 2,200 41,800 1,600 40,200 April 10 2,800 37,400 April 14 ° 1,600- 35,800 April 24 ° 9,500 45,300 April 28 1,600 → 43,700 April 29 300- 43,400 April 30 Telephone ✔ April 30 WD 900 → 42,500 2,200 40,300 Date April 4 April 30 Adjusted Date April 2 Date April 30 Adjusted 124: Office Supplies Debit 1,600- 128: Prepaid Insurance Credit 1,000 Balance 1,600 600 Date April 10 Debit 2,800 Credit Balance April 30 Adjusted 158 2,800 2,644 167: Computer Equipment Debit 20,000 168: Accumulated Depreciation-Computer equipment Credit Balance Date 20,000 April 30 Adjusted 209: Salaries Payable Debit Credit Balance Date 330- 330 April 2 Debit Credit Balance 500 → 500 301: J. Nozomi, Capital Debit Credit Balance 64,000 64,000 Date April 30 302: J. Nozomi, Withdrawals Debit 2,200 Credit Balance Date 2,200 April 24 April 30 Adjusted 612: Depreciation Expense-Computer Equipment Date April 30 Adjusted Date April 30 Adjusted Date April 30 Adjusted Date April 30 Debit Credit 500 ✔ 637: Insurance Expense Debit 156- 403: Commissions Revenue Debit Credit Balance 9,500 → 2,350 9,500 11,850 622: Salaries Expense Balance Date Debit 500 April 14 April 28 April 30 Adjusted 1,600 1,600 ✔ 330- Credit Balance Date 156 April 3 650: Office Supplies Expense Debit Credit 1,000✔ Balance 1,000 Date April 29 688: Telephone Expense Debit 900✔ 640: Rent Expense Debit 2,200 Credit Balance 1,600 3,200 3,530 Credit Balance 2,200 684: Repairs Expense Debit 300 Credit Balance 300 901: Income Summary Credit Balance 900 Date April 30 Close Debit Credit Balance April 30 Close 8,588 3,264 (8,586) (11,850) April 30 Close 11,850 0 < Req 6A Req 7 > Answer is not complete. 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 Req 7 Prepare a post-closing trial balance. ADVENTURE TRAVEL Post-Closing Trial Balance April 30 Account Title Debit Credit Cash $ 40,300 Accounts receivable 2,350 Office supplies 0 600- Prepaid insurance 0 2,644 Computer equipment 20,000 → Accumulated depreciation-Computer equipment ✔ 500 → J. Nozomi, Capital 65,064 Totals $ 65,894 $ 65,564 < Req 6B GL Req 7 > On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 2 Nozomi invested $44,000 cash and computer equipment worth $20,000 in the company. April 3 The company rented furnished office space by paying $2,200 cash for the first month's (April) rent. April 4 The company purchased $1,600 of office supplies for cash. April 10 The company paid $2,800 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,600 cash for two weeks' salaries earned by employees. April 24 The company collected $9,500 cash for commissions revenue. April 28 The company paid $1,600 cash for two weeks' salaries earned by employees. April 29 The company paid $300 cash for minor repairs to computer equipment. April 30 The company paid $900 cash for this month's telephone bill. April 30 Nozomi withdrew $2,200 cash from the company for personal use. 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 301 3. Nozomi, Capital 382 3. Nozomi, Withdrawals Use the following information to prepare adjusting entries: a. Prepaid Insurance of $156 expired this month. 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 b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on computer equipment is $500. d. Employees earned $330 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,350 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 Req 6B GL tab. The company records prepaid and unearned Items in balance sheet accounts. 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. 4. Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Req 6B GL tab, prepare an adjusted trial balance as of April 30. 5b. Prepare the Income statement for the month of April 30. 5c. Prepare the statement of owner's equity for the month of April 30. 5d. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Req 6B GL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5A Req 58 Req 5C Req 5D Req 6A Req 6B GL Req 7 Prepare journal entries to record the transactions for April and post them to ledger accounts in Req 6B GL tab. The company records prepaid and unearned items in balance sheet accounts. No 1 Date April 02 General Journal Cash Computer equipment J. Nozomi, Capital Debit Credit 44,000 ✓ 20,000 → 64,000 2 April 03 Rent expense 2,200 Cash 2,200 3 April 04 Office supplies ✔ 1,600 Cash ✔ 1,600 4 April 10 Prepaid insurance 2,800 Cash ✔ 2,800 5 April 14 Salaries expense ✔ 1,600 Cash 1,600✔ 6 April 24 Cash 9,500- Commissions revenue 9,500 7 April 28 Salaries expense ✔ 1,600 Cash ✔ 1,600 8 April 29 Repairs expense Cash 9 April 30 Telephone expense Cash 300- ✔ 300- ✔ 900 → ✓ 900- 10 April 30 J. Nozomi, Withdrawals Cash < Req 1 and 2 Req 3 > 2,200 → 2,200 Answer is not complete. 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 Req 7 Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. ADVENTURE TRAVEL Unadjusted Trial Balance April 30 Account Title Debit Credit 101: Cash $ 40,300 108: Accounts receivable 0 124: Office supplies 1,600 128: Prepaid insurance 2,800 167: Computer equipment 20,000 168: Accumulated depreciation-Computer equipment 209: Salaries payable 301: J. Nozomi, Capital 64,000 302: J. Nozomi, Withdrawals 2,200 403: Commissions revenue 9,500- 612: Depreciation expense-Computer equipment 622: Salaries expense 3,200 637: Insurance expense 640: Rent expense 650: Office supplies expense 684: Repairs expense 688: Telephone expense Total 2,200 300- $ 900- 73,500 $ 73,500 < Req 1 and 2 Req 4 > Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req SA Req 5B Req 5C Req 5D Req 6A Req 6B GL Req 7 Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date. Note: Do not round intermediate calculations and round the final answers to nearest whole number. No Transaction General Journal 1 3. Insurance expense Prepaid insurance 2 b. 3 C. 4 d. Office supplies expense Office supplies Depreciation expense-Computer equip. Accumulated depreciation-Computer equip. Salaries expense Salaries payable 5 e Accounts receivable Commissions revenue < Req 3 Req 5A > Debit Credit >> 158 158 → ✔ 1,000 → ✔ 1,000 >> >> 500- 500 ✔ 330- 330 2,350 2,350 Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req SA Req 5B Req 5C Req 5D Req 6A Req 6B GL Req 7 Using adjusted account balances from Req 6B GL tab, prepare an adjusted trial balance as of April 30. ADVENTURE TRAVEL Adjusted Trial Balance April 30 Account Title Debit Credit 101: Cash 108: Accounts receivable $ 40,300 2,350 124: Office supplies 600 128: Prepaid insurance 2,644 167: Computer equipment 20,000 168: Accumulated depreciation-Computer equipment 500 209: Salaries payable 330 301: J. Nozomi, Capital 64,000 302: J. Nozomi, Withdrawals 2,200 403: Commissions revenue 612: Depreciation expense-Computer equipment 11,850 500✓ 622: Salaries expense 637: Insurance expense 640: Rent expense 3,530 158 2,200 650: Office supplies expense 684: Repairs expense 688: Telephone expense Total 1,000 → 300 900- $ 76,680 $ 76,680 < Req 4 Req 5B > Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req SC Req 5D Req 6A Req 6B GL Req 7 Prepare the income statement for the month of April 30. ADVENTURE TRAVEL Revenues: Income Statement For Month Ended April 30 Commissions revenue Expenses: Depreciation expense-Computer equipment ✓ 500 Salaries expense ✓ 3,530 Insurance expense 156 Rent expense 2,200 Office supplies expense Repairs expense Telephone expense Total expenses Net income 1,000 300 → 900✓ $ 11,850 8,588 $ 3,264 < Req 5A Req 5C > Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req SC Req 5D Req 6A Req 6B GL Req 7 Prepare the statement of owner's equity for the month of April 30. ADVENTURE TRAVEL Statement of Owner's Equity For Month Ended April 30 J. Nozomi, Capital, April 1 $ 0 Add: Investments by owner $ 64,000 Add: Net income 0 3,264 Less: Withdrawals by owner J. Nozomi, Capital, April 30 67,284 2,200 $ 65,064 < Req 5B Req 5D > Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req SC Req 5D Req 6A Req 6B GL Req 7 Prepare the balance sheet at April 30. Cash Office supplies Prepaid insurance ADVENTURE TRAVEL Balance Sheet April 30 Assets Accounts receivable Computer equipment Accumulated depreciation-Computer equipment Total assets Liabilities Salaries payable Equity J. Nozomi, Capital Total liabilities and equity S 40,300 ✓ 600 → ✓ 2,644 2,350 ✓ $ 20,000 (500) - 19,500 S 65,394 S 330 65,064 S 65,394 < Req 5C Req 6A > Answer is not complete. 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 Req 7 Prepare journal entries to close the temporary accounts and then post to Req 6B GL tab, using April 30 Close as the date. No 1 Date April 30 General Journal Commissions revenue Income summary 2 April 30 Income summary Depreciation expense-Computer equip Salaries expense Insurance expense Rent expense Office supplies expense Repairs expense Telephone expense 3 April 30 Income summary J. Nozomi, Capital 4 April 30 J. Nozomi, Capital J. Nozomi, Withdrawals < Req 5D Req 6B GL > Debit Credit 11,850 11,850 8,586 500 3,530 158 ☑ 2,200 1,000- 300- 900 3,264 3,264 2,200 2,200 Answer is not complete. 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 Req 7 Post the journal entries to the ledger. Note: For April 30, choose the dropdown that most accurately describes the entry. General Ledger accounts 101: Cash 106: Accounts Receivable Date Debit Credit Balance Date Debit Credit April 2 April 3 April 4 44,000 → 44,000 April 30 Adjusted 2,350 Balance 2,350 2,200 41,800 1,600 40,200 April 10 2,800 37,400 April 14 ° 1,600- 35,800 April 24 ° 9,500 45,300 April 28 1,600 → 43,700 April 29 300- 43,400 April 30 Telephone ✔ April 30 WD 900 → 42,500 2,200 40,300 Date April 4 April 30 Adjusted Date April 2 Date April 30 Adjusted 124: Office Supplies Debit 1,600- 128: Prepaid Insurance Credit 1,000 Balance 1,600 600 Date April 10 Debit 2,800 Credit Balance April 30 Adjusted 158 2,800 2,644 167: Computer Equipment Debit 20,000 168: Accumulated Depreciation-Computer equipment Credit Balance Date 20,000 April 30 Adjusted 209: Salaries Payable Debit Credit Balance Date 330- 330 April 2 Debit Credit Balance 500 → 500 301: J. Nozomi, Capital Debit Credit Balance 64,000 64,000 Date April 30 302: J. Nozomi, Withdrawals Debit 2,200 Credit Balance Date 2,200 April 24 April 30 Adjusted 612: Depreciation Expense-Computer Equipment Date April 30 Adjusted Date April 30 Adjusted Date April 30 Adjusted Date April 30 Debit Credit 500 ✔ 637: Insurance Expense Debit 156- 403: Commissions Revenue Debit Credit Balance 9,500 → 2,350 9,500 11,850 622: Salaries Expense Balance Date Debit 500 April 14 April 28 April 30 Adjusted 1,600 1,600 ✔ 330- Credit Balance Date 156 April 3 650: Office Supplies Expense Debit Credit 1,000✔ Balance 1,000 Date April 29 688: Telephone Expense Debit 900✔ 640: Rent Expense Debit 2,200 Credit Balance 1,600 3,200 3,530 Credit Balance 2,200 684: Repairs Expense Debit 300 Credit Balance 300 901: Income Summary Credit Balance 900 Date April 30 Close Debit Credit Balance April 30 Close 8,588 3,264 (8,586) (11,850) April 30 Close 11,850 0 < Req 6A Req 7 > Answer is not complete. 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 Req 7 Prepare a post-closing trial balance. ADVENTURE TRAVEL Post-Closing Trial Balance April 30 Account Title Debit Credit Cash $ 40,300 Accounts receivable 2,350 Office supplies 0 600- Prepaid insurance 0 2,644 Computer equipment 20,000 → Accumulated depreciation-Computer equipment ✔ 500 → J. Nozomi, Capital 65,064 Totals $ 65,894 $ 65,564 < Req 6B GL Req 7 >
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Here are the journal entries trial balances financial statements and postclosing trial balance for Adventure Travel for April 1 Journal Entries to record April transactions April 2 301 J Nozomi Capita... View the full answer
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