Fall 2020 Accounting Cycle Case Adventure Travel, Inc started in April 2020. Below you will find the journal entries and the adjusting entries for the company for April. REQUIRED: 1. In Excel, set up a workbook with the following tabs: General Journal (For your journal entries) T-Accounts Trial Balance Income Statement Statement of Retained Earnings Balance Sheet 2. Record the following journal entries in the general journal: Apr 1 Received cash for Common Stock (30,000 shares, $1 par value) $30,000 1 Received Computer Equipment for Common Stock (2,000 shares, $1 par value) 20,000 2 Paid first month's rent 1,800 3 Purchased office supplies 1,000 10 Paid annual insurance premium 2,400 14 Paid salaries 1,600 24 Collected commissions earned 8,000 28 Paid salaries 1,600 29 Paid for computer repair 350 30 Paid telephone bill 750 30 Paid cash for dividends 1,500 3. Set up the T-accounts and enter the journal entries into the T-accounts. Calculate the balances. 4. Set up the Trial balance and enter the balances. 5. Complete the adjusting entries in the general journal: Apr 30 2/3 of a month's insurance has expired Office supplies on hand Depreciation on computer Unpaid salaries Commissions earned but not billed 6. Enter the adjusting entries into the T-accounts 600 500 420 1,750 7. Create adjusted trial balance columns in your Trial Balance tab and update your trial balance. 8. Create your income statement, statement of retained earnings, and balance sheet. 9. EXTRA CREDIT: write the closing entries and create a post-closing trial balance.