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On April 1, Jean Clark created a new travel agency, Clark Travel. The following transactions occurred during the company's first month Apr. 1 Clark invested $33,800 cash and computer equipment worth $8,409 in the company. Apr. 2 The company rented furnished office space by paying $2,100 cash for the first month's (April) rent. Apr. 3 The company purchased $1,600 of office supplies for cash Apr. 10 The company paid $2,160 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. Apr. 14 The company paid $1,680 cash for two weeks' salaries earned by employees. Apr. 24 The company collected $14,000 cash for comissions earned. Apr 28 The company paid $1,680 cash for two weeks' salaries earned by employees. Apr. 29 The company paid $800 cash for minor repairs to the company's computer. Apr. 38 The company paid $500 cash for this month's telephone bill. Apr. 30 Clark withdrew $1,800 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid Insurance of $120 has expired this month. b. At the end of the month, $750 of office supplies are still available. C. This month's depreciation on the computer equipment is $140. d. Employees earned $672 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,780 of commissions that are not yet billed at month-end Income Requirement General Journal General Ledger Trial Balance Balance Sheet Post Closing St Owners Equity Statement Balance Shee Equity General Journal tab - Prepare Journal entries for Clark Travel's first month of operations. Prepare any necessary adjusting and closing entries for the current month. General Ledger tab - Each Journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post.closing balances. Trial Balance tab - You may view the unadjusted, adjusted, or post.closing trial balances by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs. Income Statement tab - Use the drop-downs to select the accounts properly included on the income statement The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection Statement of Owner's Equity tab - The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection Balance Sheet tab - Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted adjusted or post-closing balances will appear for each account, based on your selection Post Closing tab - Use the drop-downs to indicate whether each account is included on the post-closing trial balance General lournal > On Apni 1, Jean Clark created a new travel agency, Clark Travel. The following transactions occurred during the company's first month. Apr. 1 Clark invested $33,000 cash and computer equipment worth $8,400 in the company. Apr. 2 The company rented furnished office space by paying $2,100 cash for the first month's (April) rent. Apr. 3 The company purchased $1,600 of office supplies for cash. Apr. 10 The company paid $2,168 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. Apr. 14 The company paid $1,688 cash for two weeks' salaries earned by employees. Apr. 24 The company collected $14,000 cash for commissions earned. Apr. 28 The company paid $1,680 cash for two weeks' salaries earned by employees. Apr. 29 The company paid $800 cash for winor repairs to the company's computer. Apr. 30 The company paid $500 cash for this month's telephone bill. Apr. 30 Clark withdrew $1,800 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid Insurance of $120 has expired this month. b. At the end of the month, $750 of office supplies are still available. c. This month's depreciation on the computer equipment is $140. d. Employees earned $672 of unpaid and unrecorded salaries as of month-end e. The company earned $1780 of commissions that are not yet billed at month-end General Journal Requirement General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Post Closing Prepare the required journal entries, adjusting entries, and closing entries for Clark Travel. View transaction list Journal entry worksheet 2 3 4 5 Clark invested $33,000 cash and computer equipment worth $8,400 in the company. Note Entdeits before credits Date Debit Credit Account Title On April 1, Jean Clark created a new travel agency, Clark Travel. The following transactions occurred during the company's first month. Apr. 1 Clark invested $33,000 cash and computer equipment worth $8,400 in the company Apr. 2. The company rented furnished office space by paying $2,100 cash for the first month's April) rent. Apr. 3 The company purchased $1,600 of office supplies for cash. Apr. 10 The company paid 52,168 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. Apr. 14 The company paid $1,688 cash for two weeks salaries earned by employees Apr. 24 The company collected $14,000 cash for commissions earned. Apr. 28 The company paid $1,680 cash for two weeks salaries earned by employees. Apr. 29 The company paid $800 cash for minor repairs to the company's computer. Apr. 30 The company paid $500 cash for this month's telephone bill. Apr. 38 Clark withdrew $1,800 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $120 has expired this month. b. At the end of the month, $750 of office supplies are still available. c. This month's depreciation on the computer equipment is $140. d. Employees earned $672 of unpaid and unrecorded salaries as of month-end e. The company earned $1,780 of commissions that are not yet billed at month-end. Requirement General General Journal Trial Balance Income Statement St Owners Equity Balance Sheet Post Closing Medger Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. Unadjusted General Ledger Account Data is not available until journal entries have been entered ** Lory U OL L AS LAAR WAAR Apr. 30 Clark withdrew $1,800 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid Insurance of $120 has expired this month. b. At the end of the month, $750 of office supplies are still available. c. This month's depreciation on the computer equipment is $140. d. Employees earned $672 of unpaid and unrecorded salaries as of month-end e. The company earned $1,780 of commissions that are not yet billed at month-end. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheetll Post Closing Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted - nses CLARK TRAVEL Income Statement For Month Ended April 30 Revenues: Expenses Apr. 2. The company rented furnished office space by paying $2,100 cash for the first month's (April) rent. Apr. 3 The company purchased $1,600 of office supplies for cash. Apr. 10 The company paid $2,160 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. Apr. 14 The company paid $1,680 cash for two weeks' salaries earned by employees Apr. 24 The company collected $14,000 cash for commissions earned. Apr. 28 The company paid $1,680 cash for two weeks' salaries earned by employees Apr. 29 The company paid $800 cash for minor repairs to the company's computer. Apr. 30 The company paid $see cash for this month's telephone bill. Apr. 30 Clark withdrew $1,800 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid Insurance of $120 has expired this month. b. At the end of the month, $750 of office supplies are still available. c. This month's depreciation on the computer equipment is $140. d. Employees earned $672 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,780 of commissions that are not yet billed at month-end. General Journal Requirement General Ledger Trial Balance Income St Owners Equity Balance Sheet Post Closing Statement The unadjusted or adjusted balances will appear for each account, based on your selection. (Selecting Post-Closing will only display ending capital.) Unadjusted CLARK TRAVEL Statement of Owner's Equity For Month Ended Apni 30 J Clark, Capital, April 30 Requirement General General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Post Closing Use the drop down to select the accounts properly included on the balance sheet. The unadjusted, adjusted, or post-dosing balances will appear for each account, based on your selection. Unadjusted - CLARK TRAVEL Balance Sheet April 30 ASSETS Current assets: Plant assets LIABILITIES AND EQUITY Current liabilities Equity Prey 1 of 4 !! Next Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Post Closing Begin by selecting "Post-closing from the drop-down below. Then, for each account, use the drop-down to indicate balance will be created. Compare your results with the Trial Balance tab. Unadjusted- Included on Post-closing trial balance? Type of Account Post closing Trial Balance I Co Dr Account Cash Accounts receivable Office supplies Prepaid insurance Computer equipment Accumulated depreciation - Computer equipment Salaries payable J. Clark, Capital J. Clark, Withdrawals Commissions earned Depreciation expense - Computer equipment Salaries expense Insurance expense Rent expense Office supplies expense Repairs expense Telephone expense ( Balance Sheet

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