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Accounting Cycle Project 1 1 a. Prepaid insurance of $133 has expired this...

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Accounting

Accounting Cycle Project 1
1
a. Prepaid insurance of $133 has expired this month.
b. At the end of the month, $800 of office supplies are still available.
c. This month's depreciation on the computer equipment is $300.
d. Employees earned $320 of unpaid and unrecorded salaries as of month-end.
100
e. The company earned $1,800 of commissions that are not yet billed at month-end.
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& 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The company records prepaid and unearned items in balance sheet accounts.
Using account balances from Requirement 6 b, prepare an unadjusted trial balance as of April 30.
Journalize the adjusting entries for the month and prepare the adjusted trial balance.
5a. Prepare the income statement for the month of April 30.
5b. Prepare the statement of retained earnings for the month of April 30.
5c. Prepare the balance sheet at April 30.
6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b.
6b. Post the journal entries to the ledger.
Prepare a post-closing trial balance.
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