On April 1, 2013, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the companys first month.

April 1 Nozomi invested $49,000 cash and computer equipment worth $39,000 in the company in exchange for common stock.

2 The company rented furnished office space by paying $3,700 cash for the first months (April) rent.

3 The company purchased $2,900 of office supplies for cash.

10 The company paid $3,600 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.

14 The company paid $3,500 cash for two weeks salaries earned by employees.

24 The company collected $17,500 cash on commissions from airlines on tickets obtained for customers.

28 The company paid $3,500 cash for two weeks salaries earned by employees.

29 The company paid $400 cash for minor repairs to the companys computer.

30 The company paid $750 cash for this months telephone bill.

30 The company paid $3,400 cash for dividends. The companys chart of accounts follows:

101 Cash 405 Commissions Earned

106 Accounts Receivable 612 Depreciation ExpenseComputer Equip.

124 Office Supplies 622 Salaries Expense

128 Prepaid Insurance 637 Insurance Expense

167 Computer Equipment 640 Rent Expense

168 Accumulated DepreciationComputer Equip. 650 Office Supplies Expense

209 Salaries Payable 684 Repairs Expense

307 Common Stock 688 Telephone Expense

318 Retained Earnings 901 Income Summary

319 Dividends Use the following information:

a. Two-thirds of one months insurance coverage has expired.

b. At the end of the month, $600 of office supplies are still available.

c. This months depreciation on the computer equipment is $400.

d. Employees earned $550 of unpaid and unrecorded salaries as of month-end.

e. The company earned $1,900 of commissions that are not yet billed at month-end.

Required

1. Prepare journal entries to record the transactions for April. Analyze the transaction. Post the information from the general journal to the ledger accounts.

3. Prepare an unadjusted trial balance as of April 30.

4. Journalize the adjusting journal entries for the month.

5a. Prepare the income statement for the month of April 30, 2013.

5b. Prepare the statement of retained earnings for the month of April 30, 2013

5c. Prepare the balance sheet at April 30, 2013.

6a. Prepare journal entries to close the temporary accounts and then post to Requirement

6b. Post the journal entries to the ledger.

7.Prepare a post-closing trial balance.