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ACC 101 Unadjusted trial balance sheet Data P06-Practice Set_Adventure Travel General Journal Answer

ACC 101 Unadjusted trial balance sheet Data P06-Practice Set_Adventure Travel General Journal Answer

ACC 101 Unadjusted trial balance sheet Data P06-Practice Set_Adventure Travel General Journal Answer

Given Data P06-Practice Set:

ADVENTURE TRAVEL

Apr 1 Nozomi invested cash $30,000
1 Nozomi invested computer equipment $20,000
2 Paid first month’s rent $1,800
3 Purchased office supplies $1,000
10 Paid annual insurance premium $2,400
14 Paid salaries $1,600
24 Collected commissions earned $8,000
26 Paid salaries $1,600
27 Paid for computer repair $350
27 Paid telephone bill $750
28 Nozomi withdrew cash for personal use $1,500

Chart of Accounts
101 Cash
106 Accounts Receivable
124 Office Supplies
128 Prepaid Insurance
167 Computer Equipment
168 Accumulated Depreciation, Computer Equipment
209 Salaries Payable
301 J. Nozomi, Capital
302 J. Nozomi, Withdrawals
405 Commissions Earned
612 Depreciation, Computer Equipment
622 Salaries Expense
637 Insurance Expense
640 Rent Expense
650 Office Supplies Expense
684 Repairs Expense
688 Telephone Expense
901 Income Summary

Additional information for adjusting entries:
Apr 30 2/3 of a month’s insurance expired
Office supplies on hand $600
Depreciation on computer $500
Unpaid salaries $420

Check figures:
(3) Unadjusted trial balance totals $58,000
(4a) Debit Insurance Expense $133
(5) Net income $447
Capital (4/30/2010) $48,947
Total assets $49,367
(7) Post-closing trial balance totals $49,867

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ACC 101 Unadjusted trial balance sheet Data P06-Practice Set_Adventure Travel General Journal Answer

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