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1 On April 1 Juro Nozomi created a new travel agency, Adventure Travel The following transactions occurred during the company's first month 1 Noi invested

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1 On April 1 Juro Nozomi created a new travel agency, Adventure Travel The following transactions occurred during the company's first month 1 Noi invested 137.000 euth and computer equipment worth $35,000 in the con 2 The pay rental furnished office space by paying $2.600 ush for the first ninth April) rent 3 They purchased 11.900 of office suppliet for cash 10 the many paid $2.100-exsh for the presion 12th in policy Coverace begins on April 11 14 The company paid $1,600 cash for the weeks' salised by uples 24 The cong ty collected 18.500 cash for comissions and 20 The company paid 11.00 sah for two weeks drie und by celeyes 29 The company paid $400 cash for niner repairs to the company : congue 30 The copy paid 51.100 cash Eor this month's telephone bill 30 Neront withdr $2.400 cath from the company for personal use The company's chart of accounts follows. Book Print 10 Cash 106 et leivable 124 Office Supplies 10 Trpad Inuwa 167 Computer Eyvinent 168 Arelated Depreciation-pater Equi 209. Series Payable 501 J W Capital 405 Comissions are 612 Depreciation Expense-Computer Equip 622 Series Expens 637 Inwes 640 Rent Expense 650 Office Supplies Expo 884 Repairs Expense 650 Telephone 901 Incore Sunary Reference Use tre following information: c. Prepaid insurance of 517 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 $380 of unpaid and unrecorded salaries as of month-end e. The company eamed $2,050 of commissions that are not yet billed at month end Required: 1. & 2. Prepare journal entnes 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 2. Using account balances from Requirement 60, prepare an unadjusted trial balance as of April 30 4. Journalize the adjusting entries for the month and prepare the adjusted trial balance 50. Prepare the income statement for the month of April 30 5b. Prepare the statement of owner's equity for the month of April 30 5c. Prepare the balance sheet at April 30 60. Prepare journal entries to close the temporary accounts and then post to Requirement 6b ob. Post the journal entries to the ledger 7. Prepare a post.closing trial balance

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