Final project data | Reading homework help

On December 1, 2015 John Trap created a new travel agency, Trap Adventures, Inc. providing exclusive adventure trips.  The following transactions occurred during December 2015.

(NOTE: There are no beginning balances – this is a new company.)

Dec 1John Trap invested \$60,000 cash in the company for common stock.2Purchase office equipment for \$17,500 cash.2The company rented furnished office space by paying \$18,000 cash for the first six months (December 2015 – May 2016) rent.3The company purchased \$1,500 of office supplies on account.10The company paid \$3,600 cash for the premium on a 12-month insurance policy.14The company paid \$10,750 cash for two weeks’ salaries earned by employees.24The company collected \$54,000 cash on commissions from airlines on tickets obtained for customers.28The company paid \$12,125 cash for two weeks’ salaries earned by employees.29The company paid \$350 cash for minor repairs to the company’s computer.30The company paid \$450 cash for this month’s telephone bill.30Dividends of \$3,000 cash were paid.

• One month’s insurance coverage has expired.
• The company occupied the office space for the month of December.
• At the end of the month, \$600 of office supplies are still available.
• This month’s depreciation on the computer equipment is \$325.
• Employees earned \$525 of unpaid and unrecorded salaries as of month-end.

Final Project Requirements

Using the spreadsheet found here and  information above, complete the following:

1. Journal entries to record the transactions that occurred during the month of December.
2. Prepare an unadjusted trial balance.
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