On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company’s first month. April 1 Nozomi invested $32,000 cash and computer equipment worth $30,000 in the company in exchange for common stock. April 2 The company rented furnished office space by paying $3,000 cash for the first month’s (April) rent. April 3 The company purchased $1,200 of office supplies for cash. April 10 The company paid $2,200 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $900 cash for two weeks' salaries earned by employees. April 24 The company collected $12,500 cash for commissions revenue. April 28 The company paid $900 cash for two weeks' salaries earned by employees. April 29 The company paid $550 cash for minor repairs to the company's computer. April 30 The company paid $1,100 cash for this month's telephone bill. April 30 The company paid $2,400 cash in dividends. The company's chart of accounts follows: 101 Cash 405 Commissions Revenue 106 Accounts Receivable 612 Depreciation Expense—Computer Equipment 124 Office Supplies 622 Salaries Expense 128 Prepaid Insurance 637 Insurance Expense 167 Computer Equipment 640 Rent Expense 168 Accumulated Depreciation—Computer Equipment 650 Office Supplies Expense 209 Salaries Payable 684 Repairs Expense 307 Common Stock 688 Telephone Expense 318 Retained Earnings 901 Income Summary 319 Dividends Use the following information: Prepaid insurance of $122 has expired this month. At the end of the month, $400 of office supplies are still available. This month’s depreciation on the computer equipment is $500. Employees earned $540 of unpaid and unrecorded salaries as of month-end. The company earned $2,100 of commissions that are not yet billed at month-end. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30.

Ming Chen started a business and had the following transactions in June. Owner invested $66,000 cash in the company along with $10,000 of equipment. The company paid $1,100 cash for rent of office space for the month. The company purchased $10,000 of additional equipment on credit (payment due within 30 days). The company completed work for a client and immediately collected $1,700 cash. The company completed work for a client and sent a bill for $8,200 to be received within 30 days. The company purchased additional equipment for $6,300 cash. The company paid an assistant $2,900 cash as wages for the month. The company collected $4,500 cash as a partial payment for the amount owed by the client in transaction e. The company paid $10,000 cash to settle the liability created in transaction c. The owner withdrew $1,200 cash from the company for personal use. Required:Complete the table using additions and subtractions to show the dollar effects of the transactions on individual items of…

On April 1, Hao Lee created a new travel agency, Lee Travel. The following transactions occurred during the company's first month April 2 Lee Invested $40,000 cash and computer equipment worth $12,600 in the company in exchange for its common stock. April 3 The company rented furnished office space by paying $2,000 cash for the first month's (April) rent. April 4 The company purchased $1,600 April 10 The company paid $2,520 cash of office supplies for cash. I for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,820 cash for two weeks' salaries earned by employees. April 24 The company collected $12,000 cash for commissions revenue. I April 28 The company paid $1,820 cash for two weeks' salaries earned by employees. April 29 The company paid $500 cash for minor repairs to computer equipment. April 30 The company paid $500 cash for this month's telephone bill. April 30 The company paid $1,900 cash in dividends. Information for month-end adjustments…

Javier Jimenez operates a delivery service. During the month of April, the firm had the following transactions. April 1 Issued a check in the amount of $4,800 to pay the monthly rent for the next 3 months. April 2 Javier made an additional investment of cash in amount of $11,200. April 4 Performed services for $715 in cash. April 6 Sent a check in the amount of $410 to the utility company to pay the monthly bill. April 7 Purchased supplies in the amount of $870 on credit. Prepare journal entries to record the above transactions. View transaction list Journal entry worksheet 1 2 3 Date April 01 Issued a check in the amount of $4,800 to pay the monthly rent for the next 3 months. Note: Enter debits before credits. 5 General Journal Debit Credit >

Joey Juno began a web-based computer sales and service company on June 1, 20X8, called Juno's Toys. Joey has made a few decisions regarding the accounting system; all prepayments and unearned revenues will be recorded as assets and liabilities and the company will use a periodic inventory system. Juno's Toys completed these transactions during November of the current year: Joey invested $12,000 cash along with $9,000 of used computer equipment into his new business. Purchased 8 months of insurance for $1,200 cash; the insurance is effective immediately. Hired a computer technician, named Barney to be paid every two weeks. $23,000 of merchandise was purchased from Eastman Store on account terms 1/10, n30. Freight was paid in amount of $200 for above purchase. Bought $400 of office supplies on account. Sold merchandise to John Smith that cost $3,300 for $3,800. Mr. Smith paid $500 cash and put the rest on account, with term 1/15, n30. Bought office furniture for $9,000. Paid $1,000 cash…

On April 1, Jose Garcia created a new travel agency, Garcia Travel. The following transactions occurred during the company’s first month.   April 2 Garcia invested $38,000 cash and computer equipment worth $11,400 in the company in exchange for its common stock. April 3 The company rented furnished office space by paying $2,600 cash for the first month’s (April) rent. April 4 The company purchased $1,200 of office supplies for cash. April 10 The company paid $1,800 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,540 cash for two weeks’ salaries earned by employees. April 24 The company collected $24,000 cash for commissions revenue. April 28 The company paid $1,540 cash for two weeks’ salaries earned by employees. April 29 The company paid $650 cash for minor repairs to computer equipment. April 30 The company paid $400 cash for this month’s telephone bill. April 30 The company paid $1,700 cash in dividends.…

Sanyu Sony started a new business and completed these transactions during December.

Sanyu Sony started a new business and completed these transactions during December.

Harris Welding Company had the following transactions for June. June 1 Tyler Harris invested $9550 cash in a small welding business June 2 Bought used welding equipment on account for $3050 June 5 Hired an employee to start work on July 15. Agreed on a salary of $3390 per month June 17 Billed P. White $2230 for welding work done. June 27 Received $1220 cash from P.White for work billed on June 17.   Journalize the transactions

A company plans to own and operate a storage rental facility. For the first month of operations, the company has the following transactions.  1. January 1 Issue 10,000 shares of common stock in exchange for $28,000 in cash. 2. January 5 Purchase land for $17,000. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $7,600 cash. 4. January 12 Hire three employees for $1,600 per month. 5. January 18 Receive cash of $11,600 in rental fees for the current month. 6. January 23 Purchase office supplies for $1,600 on account. 7. January 31 Pay employees $4,800 for the first month's salaries.