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(Solved): Can anyone help me fill out this post closing trial balance sheet? Prepare a post-closing trial bal ...
Can anyone help me fill out this post closing trial balance sheet?
Prepare a post-closing trial balance.
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. Apri1 2 Nozomi invested $48,θ0θ cash and computer equipment worth $35,00θ in the company. 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 $1,400 of office supplies for cash. April 10 The company paid \$2, eee cash for a 12 -month insurance policy. Coverage begins on April 11. April 14 The company paid $1,700 cash for two weeks' salaries earned by employees. April 24 The company collected $11,500 cash for commissions revenue. April 28 The company paid $1,780 cash for two weeks' salaries earned by employees. April 29 The company paid $4B0 cash for minor repairs to computer equipment. April 30 The company paid $1,450 cash for this month's telephone bill. April 30 Nozomi withdrew $1,900 cash from the company for personal use.
Use the following information to prepare adjusting entries: a. Prepaid insurance of $111 expired this month. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on computer equipment is $600. d. Employees earned $490 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