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Forums - General Discussion - Need help with some homework. :D

Alright, here's the problem but BEWARE, it's very long:

On April 1, 2009, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month.

April 1 Nozomi invested $32,000 cash and computer equipment worth $26,000 in the company.
April 2 The company rented furnished office space by paying $1,300 cash for the first month's (April) rent.
April 3 The company purchased $2,500 of office supplies in cash.
April 10 The company paid $2,502 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.
April 14 The company paid $2,300 cash for two weeks' salaries earned by employees.
April 24 The company collected $16,000 cash on comissions from airlines on tickets obtained for customers.
April 28 The company paid $2,400 cash for two weeks' salaries earned by employees.
April 29 The company paid $750 cash for minor repairs to the company's computer
April 30 The company paid $550 cash for this month's telephone bill
April 30 Nozomi withdrew $1,200 cash from the company for personal use.

Required problems:

1.) Use the balance column format to set-up each ledger account listed in its chart of accounts.
2.) Prepare journal entries to record the transactions for April and post them to the ledger accounts. The company records prepaid and unearned items in balance sheet accounts.
3.) Prepare an unadjusted trial balance as of April 30.
4.) Use the following information to journalize and post adjusting entries for the month:

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 $500.
d.) Employees earned $720 of unpaid and unrecorded salaries as of month-end.
e.) The company earned $3,050 of commissions that are not yet billed at month-end.

5.) Prepare the income statement and the statement of owner's equity for the month of April and the balance sheet at April 30, 2009.
6.) Prepare journal entries to close the temporary accounts and post these entries to the ledger.
7.) Prepare a post-closing trial balance.


....yeah, you can see why I was hesitant to type it all down. @_@;

Anyway, any help with this homework is appreciated.



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I need some Calculus help too. Somebody wanna PM me if they can help?



Leatherhat on July 6th, 2012 3pm. Vita sales:"3 mil for COD 2 mil for AC. Maybe more. "  thehusbo on July 6th, 2012 5pm. Vita sales:"5 mil for COD 2.2 mil for AC."

Yes i could do that for you except we leave all of our accounting crap at school and i don't feel like helping you.



gurglesletch said:
Yes i could do that for you except we leave all of our accounting crap at school and i don't feel like helping you.


So... why did you even bother posting?



SaviorX said:
I need some Calculus help too. Somebody wanna PM me if they can help?

I could probably help you.




Nintendo still doomed?
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Well, I guess this was pointless, all I got was a bunch of insults from a few trolls, really..



PhoenixKing said:
Well, I guess this was pointless, all I got was a bunch of insults from a few trolls, really..

To be fair it was a long question. Post your calculus questions, more people will help with them. 



im a 13 year old whos only taking geometry but let me see if I could help....0_0... this reminded me that I had homework... sorry but im only in middle schools... maybe in 9th i can solve this problem :)




              

I'm not doing that for you. I had to do that for my accounting class and it took about a total of three hours.

This maybe two, but do it yourself. It's not difficult at all.



Kimi wa ne tashika ni ano toki watashi no soba ni ita

Itsudatte itsudatte itsudatte

Sugu yoko de waratteita

Nakushitemo torimodosu kimi wo

I will never leave you

this thread brings me back to the days where i'd ask for C++ help on neogaf.



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