Please complete all your work on the spreadsheet file provided.

On September 1 Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the companys first month.

Sep. 1 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company, total investment $50,000.

Sep. 2 The company rented furnished office space by paying $1,800 cash for the first months (September) rent.

Sep. 3 The company purchased $1,000 of office supplies for cash.

Sep. 10 The company paid $2,400 cash for premium on a 12p-month insurance policy. Coverage begins September 11.

Sep. 14 employees.

Sep. 24

Sep. 28 employees.

Sep. 29 computer.

The company paid $1,600 cash for two weeks salaries earned by

The company collected $8,000 cash for commissions earned. The company paid $1,600 cash for two weeks salaries earned by

The company paid $350 cash for minor repairs to the company

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Sep. 30 The company paid $750 cash for this months telephone bill. Sep. 30 Nozomi withdrew $1,500 cash from the company for personal use.

======================================================= The companys chart of accounts:

Cash Accounts Receivable

Prepaid Insurance Accumulated Depreciation Equipment

Salaries Payable J. Nozomi, Capital

Commissions Earned

Depreciation Expense, Computer Equipment

Insurance Expense Rent Expense

Repairs Expense Telephone Expense

Office Supplies Computer Equipment

J. Nozomi, Withdrawls

Salaries Expense Office Supplies Expense Income Summary

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Required: 1). Prepare journal entries to record the transactions for September and post

them to the ledger accounts provided in the work spreadsheet.

2). Prepare an unadjusted trial balance as of September 30.

3). Use the following information to journalize and post adjusting entries for

the month:

(a). Prepaid insurance of $133 has expired this month.

(b). At the end of the month, $600 of office supplies are still available.

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. This months depreciation on the computer equipment is $500.

(d). Employees earned $420 of unpaid and unrecorded salaries as of month end.

. The company earned $1,750 of commissions that are not yet billed at month end.

4). Prepare the adjusted trial balance as of September 30. Prepare the income statement and the statement of owners equity for the month of September and the balance sheet at September 30.

5). Prepare journal entries to close the temporary accounts and post these entries to the ledger.

6). Prepare a post-closing trial balance.