On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company’s first month.

April 2	Nozomi invested $46,000 cash and computer equipment worth $40,000 in the company.
April 3	The company rented furnished office space by paying $1,600 cash for the first month’s (April) rent.
April 4	The company purchased $1,600 of office supplies for cash.
April 10	The company paid $2,400 cash for a 12-month insurance policy. Coverage begins on April 11.
April 14	The company paid $1,300 cash for two weeks' salaries earned by employees.
April 24	The company collected $10,500 cash for commissions revenue.
April 28	The company paid $1,300 cash for two weeks' salaries earned by employees.
April 29	The company paid $450 cash for minor repairs to computer equipment.
April 30	The company paid $1,150 cash for this month's telephone bill.
April 30	Nozomi withdrew $1,600 cash from the company for personal use.

The company's chart of accounts follows:

101	Cash	403	Commissions Revenue
106	Accounts Receivable	612	Depreciation Expense—Computer Equipment
124	Office Supplies	622	Salaries Expense
128	Prepaid Insurance	637	Insurance Expense
167	Computer Equipment	640	Rent Expense
168	Accumulated Depreciation—Computer Equipment	650	Office Supplies Expense
209	Salaries Payable	684	Repairs Expense
301	J. Nozomi, Capital	688	Telephone Expense
302	J. Nozomi, Withdrawals	901	Income Summary

Use the following information to prepare adjusting entries:

1. Prepaid insurance of $133 expired this month.
2. At the end of the month, $500 of office supplies are still available.
3. This month’s depreciation on computer equipment is $300.
4. Employees earned $470 of unpaid and unrecorded salaries as of month-end.
5. The company earned $2,200 of commissions revenue that is not yet recorded at month-end.

Required:
1. & 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Req 6B GL tab. 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. Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date.
5a. Using adjusted account balances from Req 6B GL tab, prepare an adjusted trial balance as of April 30.
5b. Prepare the income statement for the month of April 30.
5c. Prepare the statement of owner's equity for the month of April 30.
5d. Prepare the balance sheet at April 30.
6a. Prepare journal entries to close the temporary accounts and then post to Req 6B GL tab, using April 30 Close as the date.
6b. Post the journal entries to the ledger.
7. Prepare a post-closing trial balance

Direct materials Direct labor Factory overhead (40% of direct labor) Total cost per unit $25.00 32.00 12.80 $69.80