Need help finishing that last parts to the problem.
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 $30,000 cash and computer equipment worth $20,000 in the company in exchange for its common stock. April 3 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. April 4 The company purchased $1,000 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 $1,600 cash for two weeks' salaries earned by employees. April 24 The company collected $8,000 cash for commissions revenue. April 28 The company paid $1,600 cash for two weeks' salaries earned by employees. April 29 The company paid $350 cash for minor repairs to computer equipment. April 30 The company paid $750 cash for this month's telephone bill. April 30 The company paid $1,500 cash in dividends. The company's chart of accounts follows. 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 403 Commissions Revenue 612 Depreciation Expense-Computer Equipment 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary Use the following information to prepare adjusting entries: a. Prepaid insurance of $133 expired this month. b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on 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 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 Requirement 6B GL tab. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6B GL tab, prepare an unadjusted trial balance as of April 30. 4. Journalize the adjusting entries for the month, and then post to the ledger on Requirement 6B GL tab, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Requirement 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 retained earnings 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 Requirement 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. Complete this question by entering your answers in the tabs below. Req 1 Reg 3 Req 4 Req 5A Req 5B Req 5C Req 5D Req 6A Reg 6B and 2 Req 7 GL Post the journal entries to the ledger. (Select April 30 Adjusted as date for all adjusting entries, and April 30 date for all closing entries.) General Ledger accounts 101: Cash 106: Accounts receivable Date Debit Credit Balance Date Debit Credit Balance 124: Office supplies Debit Credit 128: Prepaid insurance Debit Credit Date Balance Date Balance 167: Computer equipment Debit Credit 168: Accumulated depreciationComputer equipment Date Debit Credit Balance Date Balance 209: Salaries payable Debit Credit 307: Common stock Debit Credit Date Balance Date Balance 318: Retained earnings Debit Credit 319: Dividends Debit Credit Date Balance Date Balance 403: Commissions revenue Debit Credit 612: Depreciation expense-Computer equipment Date Debit Credit Balance Date Balance 622: Salaries expense Debit Credit 637: Insurance expense Debit Credit Date Balance Date Balance 640: Rent expense Debit Credit 650: Office supplies expense Debit Credit Date Balance Date Balance 684: Repairs expense Debit Credit 688: Telephone expense Debit Credit Date Balance Date Balance 901: Income summary Debit Credit Date Balance Req 1 and 2 Reg 3 Req 4 Req 5A Req 5B Reg 5C Req 5D Req 6A RE Prepare a post-closing trial balance. ADVENTURE TRAVEL Post-Closing Trial Balance April 30 Account Title Debit Credit Totals $ 0 $ 0
