Chapter 4 Homework Saved Help Save & Exit Sub 7. Check my work On April 1, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month 1432 points book April 1 Nozomi invested $33,000 cash and computer equipment worth $30,000 in the company 2 The company rented furnished office space by paying $2,500 cash for the first month's (April) rent. The company purchased $1,100 of office supplies for cash. 10 The company paid $2,100 cash for the presiun on 12-month Insurance policy. Coverage begins on April 11. 14 The company paid $1,400 cash for two weeks' salaries earned by employees. 24 The company collected $9,500 cash for commissions earned 28 The company paid $1,400 cash for two weeks salaries earned by employees 29 The company paid $350 cash for minor repairs to the company's computer. 30 The company paid $1,150 cash for this month's telephone bili 30 Noton withdrew $1,900 cash from the company for personals The company's chart of accounts follows: 101 Cash 200 accounts secolvable 134 Office Supplies 128 Depaid Insurance 167 Computer Eulent 168 Accumulated Depreciation Computer 200 salaries Payable 301 Norond, capital 302): Withdrawal 15 Consions Earned 612 Depreciation pense-Computer tout 21 Salaries Expense 637 Insurance Expense 640 let pense Suples 4 Repairs Expense Telephone Expert 101 Taco y Use the following information: a. Prepaid insurance of $117 has expired this month. b. At the end of the month, $400 of office supplies are still available. c. This month's depreciation on the computer equipment is $400. d. Employees earned $410 of unpaid and unrecorded salaries as of month-end, e. The company earned $2,100 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. The 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. Joumalize 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. 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