Just need help with the income statement and balance sheet.
On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $38,83e cash and computer equipment worth $28,880 in the company in exchange for common stock 2 The company rented furnished office space by paying $1,808 cash for the first month's (April) rent 3 The company purchased $1,888 of office supplies for cash 18 The company paid $2,488 cash for the premium on a 12-month insurance policy. Coverage begins on April 11 14 The company paid $1,68e cash for two weeks' salaries earned by employees 24 The company collected $8,808 cash on commissions from airlines on tickets obtained for customers 28 The company paid $1,68e cash for two weeks' salaries earned by employees 29 The company paid $35e cash for minor repairs to the company' s computer 38 The company paid $75e cash for this month's telephone bill 38 The company paid $1,58e cash in dividends The company's chart of accounts follows: 181 Cash 186 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip 289 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends 485 Commissions Earned 612 Depreciation Expense-Computer Equip 622 Salaries Expense 637 Insurance Expense 648 Rent Expense 658 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 981 Income Summary Use the following information: a. Two-thirds (or $133) of one month's insurance coverage has expired. b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on the computer equipment is $500. d. Employees earned $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,750 of commissions that are not yet billed at month-end. Requlrec 1. & 2. Prepare joumal 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. Journalize and post the adjusting entries for the month and prepare the adjusted trial balance 3a. Prepare the income statement for the month of April 30, 2017. 3b. Prepare the statement of retained earnings for the month of April 30, 2017. 3c. Prepare the balance sheet at April 30, 2017 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 Prepare the balance sheet at April 30, 2017. ADVENTURE TRAVEL Balance Sheet April 30, 2017 Total assets Total equity Total liabilities and equity
