On April 1,
Nozomi created a
new travel agency, Adventure Travel. The following transactions
occurred during the company’s first month.
2020, April
1.
Nozomi invested
$30,000 cash and computer equipment worth$20,000 in the
company.
2.
The company rented
furnished office space by paying $1,800 cash for the first
month’s (April) rent.
3.
The company
purchased $1,000 of office supplies for
cash
10.
The company paid
$2,400 cash for the premium on a 12- month insurance policy.
Coverage begins on April 11.
11.
The
company
provided services to the following clients on
account: Mike $3,500; Pelosi $6,000; Christy$1,200
14.
The company paid
$1,600 cash
for two weeks’ salaries earned by
employees.
15.
The company
bought
a
van
in credit from
Union Motors 20,000
16.
Received
$5000
cash
from
Pelosi
24.
The company
collected $8,000 cash for Services
provided.
28.
The company
paid $1,600
cash for two weeks’ salaries earned by employees.
29.
The company
paid $350
cash for minor repairs to the company’s computer.
30.
The company paid
$750 cash for this month’s telephone bill.
31.
Nozomi withdrew
$1,500 cash from the company for
personal use.
Required
a.
Prepare journal
entries to record the transactions for Apriland post them to the
ledger accounts.
b.
Prepare
unadjusted Trial Balance as of
April 30