CK P04 - Student Name Cassidy Kottke Class Morning Problem...

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Student Name: Cassidy Kottke Class: Morning Problem 04-02A ADVENTURE TRAVEL General Journal Date Account Titles Acct. No. Debit Credit Transactions for April (Part 2): Apr 1 Cash 101 30,000 Computer Equipment 167 20,000 J. Nozomi, Capital 301 50,000 Owner invested in the business. 2 Rent Expense 640 1,800 Cash 101 1,800 Paid one month's rent 3 Office Supplies 124 1,000 Cash 101 1,000 Acquired office supplies 10 Prepaid Insurance 128 2,400 Cash 101 2,400 Paid 12 months' premium in advance. 14 Salaries Expense 622 1,600 Cash 101 1,600 Paid two weeks' salaries. 24 Cash 101 8,000 Commissions Earned 405 8,000 Collected commissions from airlines. 28 Salaries Expense 622 1,600 Cash 101 1,600 Paid two weeks' salaries. 29 Repairs Expense 684 350 Cash 101 350 Repaired the computer. 30 Telephone Expense 688 750 Cash 101 750 Paid the telephone bill. 30 J. Nozomi, Withdrawals 302 1,500 Cash 101 1,500 Owner withdrew cash. Adjusting Entries (Part 4): Apr 30 Insurance Expense 637 133 Prepaid Insurance 128 133 To record expired insurance. 30 Office Supplies Expense 650 400 NOTE : Ledger accounts begin at cell A150, and show all entries that need to be posted.
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Student Name: Cassidy Kottke Class: Morning Problem 04-02A Office Supplies 124 400 To record cost of supplies used. 30 Depreciation Expense - Computer Equipment 612 500 Accumulated Depreciation - Computer Equipment 168 500 To record depreciation. 30 Salaries Expense 622 420 Salaries Payable 209 420 To record accrued salaries. 30 Accounts Receivable 106 1,750 Commissions Earned 405 1,750 To record accrued commissions.
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Student Name: Cassidy Kottke Class: Morning Problem 04-02A Closing Entries (Part 6) Apr 30 Commissions Earned 405 9,750 Income Summary 901 9,750 To close the revenue account. 30 Income Summary 901 7,553 Depreciation Expense, Computer Equipment 612 500 Salaries Expense 622 3,620 Insurance Expense 637 133 Rent Expense 640 1,800 Office Supplies Expense 650 400 Repairs Expense 684 350 Telephone Expense 688 750 To close the expense accounts. 30 Income Summary 901 2,197 J. Nozomi, Capital 301 2,197 To close the Income Summary account. 30 J. Nozomi, Capital 301 1,500 J. Nozomi, Withdrawals 302 1,500 To close the withdrawals account. ADVENTURE TRAVEL Unadjusted Trial Balance April 30, 2013 Account Titles Debits Credits Cash $ 27,000 Accounts receivable - Office supplies 1,000 Prepaid insurance 2,400 Computer equipment 20,000 Accumulated depreciation - computer equipment - Salaries payable - J. Nozomi, Capital $ 50,000 J. Nozomi, Withdrawals 1,500 Commissions earned 8,000 Depreciation expense - computer equipment - Salaries expense 3,200 Insurance expense - Rent expense 1,800 Office supplies expense - Repairs expense 350 Telephone expense 750 Totals $ 58,000 $ 58,000 Correct! Correct! ADVENTURE TRAVEL Adjusted Trial Balance April 30, 2013 Account Titles Debits Credits
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Student Name: Cassidy Kottke Class: Morning Problem 04-02A Cash $ 27,000 Accounts receivable 1,750 Office supplies 600 Prepaid insurance 2,267 Computer equipment 20,000 Accumulated depreciation - computer equipment $ 500 Salaries payable 420 J. Nozomi, Capital 50,000 J. Nozomi, Withdrawals 1,500 Commissions earned 9,750 Depreciation expense - computer equipment 500 Salaries expense 3,620 Insurance expense 133 Rent expense 1,800 Office supplies expense 400 Repairs expense 350 Telephone expense 750 Totals $ 60,670 $ 60,670 Correct! Correct!
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