The company rented furnished office space by paying $3,000 cash for the first mo
ID: 2579657 • Letter: T
Question
The company rented furnished office space by paying $3,000 cash for the first month’s (April) rent.
The company paid $2,700 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.
The company collected $9,000 cash on commissions from airlines on tickets obtained for customers.
The company paid $2,200 cash in dividends.
Using account balances from part 6.2, prepare an unadjusted trial balance as of April 30.
Please disregard the numbers already filled in the cells, that was my attempt from earlier.
On April 1, 2015, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company’s first month.
ADVENTURE TRAVEL Unadjusted Trial Balance April 30, 2015 Account Title Debit Credit 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance 167: Computer equipment 168: Accumulated depreciation Computer equipment 209: Salaries payable 307: Common stock 318: Retained earnings 319: Dividends 405: Commissions earned 612: Depreciation expense-Computer equipment 622: Salaries expense 637: Insurance expense 640: Rent expense 650: Office supplies expense 684: Repairs expense 688: Telephone expense 32,150 1,400 2,700 25,000 3,000 Total 57,150 $ 7,100Explanation / Answer
UNADJUSTED TRIAL BALANCE AS ON APRIL 30
WORKING NOTES
Account Title debit ($) credit ($) cash 31650 Computer 25000 Prepaid rent 3000 office supplies 1400 prepaid insurance 2700 common stock 61000 commissions earned 9000 salary expense 2000 Repairing expense 550 telephone expense 1000 dividend 2700 Total 70000 70000