please e mail lilmama8682gmailcom I can not respond to comme

please e mail lilmama8682@gmail.com I can not respond to comments for some reason. I need the answers for what is highlighted in pink.

nt View Award 100.00 points On Apnil 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred dur first month Api 1 Nozomi invested $48,000 cash and computer equipment worth $35,000 in the company in exchange for common stock 2 The company rented furnished office space by paying $1,600 cash for the first month\'s (April) rent. 3 The company purchased S2,000 of office supplies for cash 10 The company paid $2,700 cash for the premium on a 12-month insurance policy. Coverage begins on April 11 14 The company paid $1,400 cash for two weeks\' salaries earned by employees 24 The company collected $17,500 cash on commissions from airlines on tickets obtained for customers 28 The company paid $1.400 cash for two weeks\'salaries earned by employees 29 The company paid $550 cash for minor repairs to the company\'s computer 30 The company paid $1.200 cash for this month\'s telephone bill 30 The company paid $1,700 cash in dividends The company\'s chart of accounts follows 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 405 Commissions Eaned 612 Depreciation Expense-Computer Equip. 168 Accumulated Depreciation-Computer Equip 209 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary Use the following information a. Two-thirds (or $150) of one month\'s insurance coverage has expired b. At the end of the month, $500 of office supplies are still available. 2000 $3as montny (29co tot c. This month\'s depreciation on the computer equipment is $500 35, D spfnt apn \\ 1 d. Employees eaned $530 of unpaid and unrecorded salaries as of month-end a 8o t spent n pril e. The company earned $1,750 of commissions that are not yet billed at month-end Required 82. Prearrnal lentres to record the transactions for Apnl and post them to the ledger accounts in Requireme company records prepaid and unearmed items in balance sheet accounts 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of Apri 30 4. Journalize and post the adjusting entries for the month and prepare the adjusted trial balance 5a. Prepare the income statement for the month of April 30, 2017 5b. Prepare the statement of retained earnings for the month of April 30, 2017 5c. Prepare the balance sheet at April 30, 2017 6a. Prepare jourmal entries to close the temporary accounts and then post to Requirement 6b 6b. Post the journal entries to the ledger 7. Prepare a post-closing trial balance ucation.com/hm.tpx?todo-c15SingiePrintView&sing..52709293806238;&role-student;&pid-264358762907465769.1.101;

Solution

In the unadjusted trial balance, the accounts highlighted in pink all have ‘nil’ balances. These accounts will have balances after posting the adjusting entries.

Retained earnings account in the unadjusted trial balance and the adjusted trial balance will have ‘nil’ balance. Retained earnings will have a balance after the closing entries are posted.

Hence all accounts highlighted in pink in the unadjusted and adjusted trial balances have $0 balances.

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