April $1$ Nozomi invested $$32,000$ cash and computer equipment worth $$35,000$ in the company in exchange for common stock.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 $$32,000$ cash and computer equipment worth $$35,000$ in the company in exchange for common stock.

April $2$ The company rented furnished office space by paying $$2,800$ cash for the first month's $($April$)$ rent.

April $3$ The company purchased $$1,600$ of office supplies for cash.

April $10$ The company paid $$2,400$ cash for the premium on a $12-$month insurance policy. Coverage begins on April $11.$

April $14$ The company paid $$1,200$ cash for two weeks' salaries earned by employees.

April $24$ The company collected $$14,500$ cash for commissions revenue.

April $28$ The company paid $$1,200$ cash for two weeks' salaries earned by employees.

April $29$ The company paid $$450$ cash for minor repairs to the company's computer.

April $30$ The company paid $$1,450$ cash for this month's telephone bill.

April $30$ The company paid $$1,600$ cash in dividends.

The company's chart of accounts follows:

Use the following information:

a$.$ Prepaid insurance of $$133$ has expired this month.

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 $$520$ of unpaid and unrecorded salaries as of month$-$end.

e$.$ The company earned $$1,800$ of commissions that are not yet billed at month$-$end.

Required:

& $2.$ 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.

$5$a$.$ Prepare the income statement for the month of April $30.$

April $2$ The company rented furnished office space by paying $$2,800$ cash for the first month$$s $($April$)$ rent.

April $3$ The company purchased $$1,600$ of office supplies for cash.

April $10$ The company paid $$2,400$ cash for the premium on a $12-$month insurance policy. Coverage begins on April $11.$

April $14$ The company paid $$1,200$ cash for two weeks' salaries earned by employees.

April $24$ The company collected $$14,500$ cash for commissions revenue.

April $28$ The company paid $$1,200$ cash for two weeks' salaries earned by employees.

April $29$ The company paid $$450$ cash for minor repairs to the company's computer.

April $30$ The company paid $$1,450$ cash for this month's telephone bill.

April $30$ The company paid $$1,600$ cash in dividends.