1. Business
  2. Accounting
  3. thomas enterprises...

Question: thomas enterprises...

Question details
thomas enterprises

Year Book Value atAnnual Accumulated Book Year Year End 得分 | IV. Applications (40 points) On April 1, 2018, Mr. White created a new travel agency, Adventure Travel. The following transactions occurred during the companys first month. o Apr. 1t, Mr. White invested $32,000 cash and computer equipment worth $26,000 in the company. The equipment had no residual value and could be used for 13 months. Apr. 2nd, the company rented furnished office space by paying $1,200 cash for the next 3 months. Apr. 3nd, the company purchased $2,500 of office supplies on account. Apr. 7th, the company received $16,000 cash from customer for a wedding trip to be held on Apr.25 o o o o Apr. 15h, the company collected $24,000 as commission fees earned from o Apr. 18h, the company paid $750 cash for this months telephone bill. customers 第8页共10页
o Apr. 20h, the company provided a family trip planning service on for $1,200. o Apr. 25th, the $1,200 was paid by the family o Apr. 30, Mr. White withdrew $3,000 from the At the end of November, the following adjustments have to be o The office had been rented for one month. o Accrued employees salaries were $2,300. They would be paid next company for personal use made: month. o The wedding trip service on Apr.2s had been provided. o Supplies on hand were $400 o The equipment had been depreciated by one month. 1. Journalize all the transactions entries. (20 points, 2 points cach) 2. Journalize all the adjustments. (10 points, 2 points each) 3. Record all the related amounts on the spreadsheet of next page. (10 points) io w
End-of-Period Spreadsheet the Month Adjusted Trial Balance- Triai Balence Adjustments Dr. Cr. Dr Cr AR ies Prepaid Rent Quipment Accumulated Depredation A/P Unearned Fees Salaries Payable Fees earned ies Rent Expense Salaries Ex Depreciation Expense Utilities Expense White. Drawing Total 第10页共10页
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution