1 1 100 points On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 1 Nozomi invested $45,000 cash and computer equipment worth $25,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,100 cash for the first month's (April) rent. 3 The company purchased $1,700 of office supplies for cash. 10 The company paid $2,600 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,300 cash for two weeks' salaries earned by employees. 24 The company collected $15, ce cash for commissions earned. 28 The company paid $1,300 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 $1,450 cash for this month's telephone biii. 30 The company paid $2,000 cash in dividends. eBook References The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip 209 Salaries Payable 307 Common Stock 318 Retained Earnings 405 Commissions Earned 612 Depreciation Expense-Computer Equip. 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary ME Prev 1 of 1 !!! Next de 8:20 10. O E Type here to search F FYO 11 F2 F 2 1 1 319 Dividends 100 points eBook References Use the following information: a. Prepaid insurance of $144 has expired this month. b. At the end of the month, $600 of office supplies are still available, c. This month's depreciation on the computer equipment is $500. d. Employees earned $540 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,250 of commissions that are not yet billed at month-end. Required: 1. & 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b company records prepaid and unearned items in balance sheet accounts 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. 4. 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 7. Prepare a post-closing trial balance Complete this question by entering your answers in the tabs below. Prey 1 of 1 !!! Next ME Hill GEW RI Q Type here to search View transaction list View journal entry worksheet No General Journal Debit Credit Date April 30 Commissions eamed Income summary 2 April 30 Income summary Depreciation expense-Computer equip. Salaries expense Insurance expense Rent expense Office supplies expense Repairs expenso Telephone expense Prey 1 of 1 Next > e search ORE 2 1 April 30 Commissions eamed Income summary 2 April 30 100 points eBook Income summary Depreciation expense-Computer equip. Salaries expense Insurance expense Rent expense Office supplies expense Repairs expense Telephone expense References 3 April 30 Income summary Retained earnings 4 April 30 Retained earnings Dividends Mc Graw Hill Prev 1 of 1 Next > Type here to search O BI E CH 1 Req 1 and 2 Reg 3 Req 4 Adj Entries Req 4 Ad) Trial Bal Req 5A Reg 5B Req 5C Reg 6A Req 6B GL Reg 7 Prepare a post-closing trial balance. 100 points eBook Debit Credit References ADVENTURE TRAVEL Post-Closing Trial Balance April 30 Account Title Cash Accounts receivable foffice supplies Prepaid insurance Computer equipment Accumulated depreciation - Computer equip. Salarios payable Common stock Retained earnings $ 0 $ 0 Totals Mc Graw Hill Prev 1 of 1 !!! Next O E Type here to search