On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the co
Posted: Tue Jul 05, 2022 11:50 am
On April 1, Jiro Nozomi created a new travel agency, AdventureTravel. The following transactions occurred during the company’sfirst month.
The company's chart of accounts follows:
Use the following information to prepare adjusting entries:
Required:1. & 2. Preparejournal entries to record the transactions for April and post themto ledger accounts in Requirement 6B GL tab. The company recordsprepaid and unearned items in balance sheet accounts.3. Using account balances from Requirement 6BGL tab, prepare an unadjusted trial balance as of April 30.4. Journalize the adjusting entries for themonth, and then post to the ledger on Requirement 6B GL tab, usingApril 30 Adjusted as the date.5a. Using adjusted account balances fromRequirement 6B GL tab, prepare an adjusted trial balance as ofApril 30.5b. Prepare the income statement for themonth of April 30.5c. Prepare the statement of retainedearnings for the month of April 30.5d. Prepare the balance sheet at April30.6a. Prepare journal entries to close thetemporary accounts and then post to Requirement 6B GL tab, usingApril 30 Close as the date.6b. Post the journal entries to theledger.7. Prepare a post-closing trial balance
The company's chart of accounts follows:
Use the following information to prepare adjusting entries:
Required:1. & 2. Preparejournal entries to record the transactions for April and post themto ledger accounts in Requirement 6B GL tab. The company recordsprepaid and unearned items in balance sheet accounts.3. Using account balances from Requirement 6BGL tab, prepare an unadjusted trial balance as of April 30.4. Journalize the adjusting entries for themonth, and then post to the ledger on Requirement 6B GL tab, usingApril 30 Adjusted as the date.5a. Using adjusted account balances fromRequirement 6B GL tab, prepare an adjusted trial balance as ofApril 30.5b. Prepare the income statement for themonth of April 30.5c. Prepare the statement of retainedearnings for the month of April 30.5d. Prepare the balance sheet at April30.6a. Prepare journal entries to close thetemporary accounts and then post to Requirement 6B GL tab, usingApril 30 Close as the date.6b. Post the journal entries to theledger.7. Prepare a post-closing trial balance