nting Project 1 Suved Help On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Noromi invested $35,000 cash and computer equipment worth $30,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. 3 The company purchased $1,600 of office supplies for cash. 10 The company paid $2,100 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,200 cash for two weeks' salaries earned by employees. 24 The company collected $13,500 cash for commissions earned. 28 The company paid $1,200 cash for two weeks' salaries earned by employees. 29 The company paid $300 cash for minor repairs to the company's computer. 30 The company paid $1,550 cash for this month's telephone bili. 30 The company paid $2,100 cash in dividends. ok ances 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 Equip. 209 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends 405 Commissions Barned 612 Depreciation Expense-Computer Equip. 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: a. Prepaid insurance of $117 has expired this month. b. At the end of the month, $400 of office supplies are still available. c. This month's depreciation on the computer equipment is $300. Emniwang nararan finnsin and internal calarice ne of month.and Prev 1 of 1 Next 14 w gp@x] 5 JU Oon EOCK 318 Retained Earnings 319 Dividende 88 recepnone Expense 901 Income Summary aok ances Use the following information: a. Prepaid Insurance of $117 has expired this month. b. At the end of the month, $400 of office supplies are still available. c. This month's depreciation on the computer equipment is $300. d. Employees earned $350 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,550 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 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 the adjusting entries for the month and prepare the adjusted trial balance. 5a. Prepare the income statement for the month of April 30. 5b. 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. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req3 Req 4 Adj Entries Req 4 Adj Trial Bal Req 5A Reg 58 Reg 5C Reg 6A Reg 68 GL Req 7 Prev 1 of 1 Next 16,233 AM 14 A W y Pic Saved Help Post the journal entries to the ledger. General Ledger accounts 101: Cash 106: Accounts Receivable Debit Credit Date Debit 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 Date Balance Date Prey 1 of 1 Next 6.3 A) T gpex 167: Computer Equipment Debit Credit 168: Accumulated Depreciation Computer equipment Debit Credit Balance Date Balance Date 209: Salarios 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 405: Commissions Earned 612: Depreciation Expense Computer Equipment Data) Balance Table nakit rallt Balance Prev 1 of 1 Next HE 36,283 14 A w Am M Help 405: Commissions Earned Debit Credit 612: Depreciation Expense Computer Equipment Date Debit Credit Balance Date Balance es 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 688: Telephone Expense Prov 1 of 1 Next 66.28 14 A 9 px] 684: Repairs Expense Debit Credit 688: Telephone Expense Debit Credit Date Balance Date Balance 901: Income Summary Debit Credit Date Balance Prev 1 of 1 Next