Question

On April 1, 2011, Jennifer Stafford created a new travel agency, See-It-Now Travel. The following transactions occurred during the company's first month.

April 1 Stafford invested $20,000 cash and computer equipment worth $40,000 in the company.

2 The company rented furnished office space by paying $1,700 cash for the first month's (April) rent.

3 The company purchased $1,100 of office supplies for cash.

10 The company paid $3,600 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.

14 The company paid $1,800 cash for two weeks' salaries earned by employees.

24 The company collected $7,900 cash on commissions from airlines on tickets obtained for customers.

28 The company paid $1,800 cash for two weeks' salaries earned by employees.

29 The company paid $250 cash for minor repairs to the company's computer.

30 The company paid $650 cash for this month's telephone bill.

30 Stafford withdrew $1,500 cash from the company for personal use.

Use the following information:

a. Two-thirds of one month's insurance coverage has expired.

b. At the end of the month, $700 of office supplies are still available.

c. This month's depreciation on the computer equipment is $600.

d. Employees earned $320 of unpaid and unrecorded salaries as of month-end.

e. The company earned $1,650 of commissions that are not yet billed at month-end.

Question: How could I Prepare adjusted trial balance as at April 30??

Answer 1