Help On April 1, Jiro Nozom created a new travel agency, Adventure Travel. The following transactions occurred during the company's month April 1 Nozomi invested 347.000 cash and computer equip worth $25,000 the company in exchange for stock 3. The company rented furnished office space by paying $2,600 for the first month prin rand The company parchased $1,300 of office supplies for cash. 10 The company paid $2,700 cash for the premium on 12-month nurance policy, coveree begin on April 14 The company paid $1,700 cash for two weeks' salaries earned by employees. 24 The company collected $15,000 cash for camions warned. 20 The company paid $1,700 cash for two weeks Malerie warned hy enployees. 29 The company paid $450 cash for minor repairs to the company computer. 30 The company paid $900 cash for this month telephone bill. 30 The company paid $2,300 cash in dividende The company's chart of accounts follows: 101 Cha h 106 Accounts Receivable 124 orien Supplies 128 Prepaid Insurance 167 Computer Squirt 168 Accumulated Depreciation Computer Equip 209 salaries Payable 387 Common Stock 318 Retained Warning 319 Dividends 4o comisions Earned 612 Depreciation Expense-computer Equip. 22 salaries Expena 637 Inaurace Expense 640 Rast Expense 650 ore polls Expenne 64 Sepair expense 688 Telephone pene 901 Inco Y Use the following information: a. Prepaid insurance of $150 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 $400 d. Employees eamed $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,450 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 65. 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 prepare the adjusted trial balance. Sa. Prepare the income statement for the month of April 30. Sb. Prepare the statement of retained earnings 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 Prev 1 of 1 !! Next Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Adi Entries Req 4 Ad) Trial Bal Reg 5A Reg 5B Req 5C Req 6A Reg 6B GL Req 7 Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. Debit Credit ADVENTURE TRAVEL Unadjusted Trial Balance April 30 Account Title 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance 167: Computer equipment 168: Accumulated depreciation Computer equipment 209: Salaries payable 307: Common stock 318: Retained earnings 319: Dividends 405: Commissions eamed 612: Depreciation expense-Computer equipment 622: Salaries expense 637: Insurance expense 640: Rent expense 650: Office supplies expense 684 Repairs expense 688: Telephone expense Total $ 0 $ 0 Req 1 and 2 Reg 3 Req 4 Adj Entries Req 4 Ad) Trial Bal Req 5A Req 5B Req SC Reg 6A Req 6B GL Reg 7 Journalize the adjusting entries for the month, and then post to the Indger on Req 68 tab, using April 30 Adj, as the date. (Do not round Intermediate calculations and round the final answers to nearest whole number.) View transaction list X A 1 Prepaid insurance of $150 has expired this month. 2 At the end of the month, $600 of office supplies are still available. 3 This month's depreciation on the computer equipment is $400. Credit 4 Employees earned $420 of unpaid and unrecorded salaries as of month-end. 5 The company earned $2,450 of commissions that are not yet billed at month-end. Note : - Journal entry has been entered Record entry Clear entry View general Journal Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Ad) Entries Req 4 Ads Trial Bal Req 5A Reg 58 Reg 5C Roq bu Req 6A Req 6B GL Req 7 Prepare the income statement for the month of April 30, ADVENTURE TRAVEL Income Statement For Month Ended April 30 Revenues: Expenses: Total expenses 0 $ 0 Post the journal entries to the ledger. General Ledger accounts 101: Cash Dehlt 106: Accounts Recolvable Debit Credit Date Credit Balance Date Balance 124: Office Supplies Debit Credit 128: Prepaid Insurance Debit Credit Date Balance Date Balance 167: Computer Equipment Debit Credit 168: Accumulated Depreciation - Computer equipment Debit Credit Balance Data Balance Dato 209: Salaries Payable Debit Credit 307: Common Stock Dobit Credit Date Balance Date Balance 318: Retained Eamings Debit Data 31 Dividende credh Credit Balance Balance 405: Commissions Earned Debit Credit Date Balance 612: Depreciation Expanse Computer Equipment Date Dobit Credit Balance 622: Salaries Expense Debit Credit Date Balance 537. Insurance Expense Dobit Credit Date Balance 640: Rent Expense Debit Credit Date 650: Office Supplies Expense Dobit Credit Balance Date Balance 684: Repairs Expense Debit Credit Date Balance 688: Telephone Expense Debit Credit Date Balance 640: Rent Expense Dublt Credit 650: Office Supplies Expense Deblt Credit Date Balance Dato Balance 684: Repairs Expense Debit Credit Date 688: Telephone Expense Debit Credit Balance Date Balance 901: Income Summary Debit Credit Date Balance