On April 1, 2015, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the companys first month. April 1 Nozomi invested $40,000 cash and computer equipment worth $25,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $1,800 cash for the first months (April) rent. 3 The company purchased $1,400 of office supplies for cash. 10 The company paid $2,500 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,800 cash for two weeks' salaries earned by employees. 24 The company collected $10,500 cash on commissions from airlines on tickets obtained for customers. 28 The company paid $1,800 cash for two weeks' salaries earned by employees. 29 The company paid $550 cash for minor repairs to the company's computer. 30 The company paid $950 cash for this month's telephone bill. 30 The company paid $1,700 cash in dividends. The company's 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 in Part 4: a. Two-thirds (or $139) of one months insurance coverage has expired. b. At the end of the month, $500 of office supplies are still available. c. This months depreciation on the computer equipment is $500. d. Employees earned $480 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,200 of commissions that are not yet billed at month-end. 1.value: 16.66 pointsRequired information Required: 1. The general ledger and all the necessary accounts are provided in Part 6.2. Post all journal entries, adjusting entries and closing entries to the general ledger given in Part 6.2 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Part 6.2. The company records prepaid and unearned items in balance sheet accounts. ReferenceseBook & Resources WorksheetLearning Objective: 03-P2 Explain and prepare an adjusted trial balance.Learning Objective: 03-P5 Explain and prepare a post-closing trial balance. Difficulty: 3 HardLearning Objective: 03-P3 Prepare financial statements from an adjusted trial balance. Learning Objective: 03-P1 Prepare and explain adjusting entries.Learning Objective: 03-P4 Describe and prepare closing entries. Check my work 2.value: 16.66 pointsRequired information 3. Using account balances from part 6.2, prepare an unadjusted trial balance as of April 30. rev: 09_28_2015_QC_CS-26745 ReferenceseBook & Resources WorksheetLearning Objective: 03-P2 Explain and prepare an adjusted trial balance.Learning Objective: 03-P5 Explain and prepare a post-closing trial balance. Difficulty: 3 HardLearning Objective: 03-P3 Prepare financial statements from an adjusted trial balance. Learning Objective: 03-P1 Prepare and explain adjusting entries.Learning Objective: 03-P4 Describe and prepare closing entries. Check my work 3.value: 16.66 pointsRequired information 4. Journalize the adjusting entries for the month and prepare the adjusted trial balance. (Do not round intermediate calculations.) rev: 09_28_2015_QC_CS-26745 ReferenceseBook & Resources WorksheetLearning Objective: 03-P2 Explain and prepare an adjusted trial balance.Learning Objective: 03-P5 Explain and prepare a post-closing trial balance. Difficulty: 3 HardLearning Objective: 03-P3 Prepare financial statements from an adjusted trial balance. Learning Objective: 03-P1 Prepare and explain adjusting entries.Learning Objective: 03-P4 Describe and prepare closing entries. Check my work 4.value: 16.66 pointsRequired information 5.1 Prepare the income statement for the month of April 30, 2015. 5.2 Prepare the statement of owner's equity for the month of April 30, 2015. 5.3 Prepare the balance sheet at April 30, 2015. ReferenceseBook & Resources WorksheetLearning Objective: 03-P2 Explain and prepare an adjusted trial balance.Learning Objective: 03-P5 Explain and prepare a post-closing trial balance. Difficulty: 3 HardLearning Objective: 03-P3 Prepare financial statements from an adjusted trial balance. Learning Objective: 03-P1 Prepare and explain adjusting entries.Learning Objective: 03-P4 Describe and prepare closing entries. Check my work 5.value: 16.66 pointsRequired information 6.1 Prepare journal entries to close the temporary accounts and then post to section 6.2. 6.2 Post the journal entries to the ledger. rev: 12_24_2016_QC_CS-73352 ReferenceseBook & Resources WorksheetLearning Objective: 03-P2 Explain and prepare an adjusted trial balance.Learning Objective: 03-P5 Explain and prepare a post-closing trial balance. Difficulty: 3 HardLearning Objective: 03-P3 Prepare financial statements from an adjusted trial balance. Learning Objective: 03-P1 Prepare and explain adjusting entries.Learning Objective: 03-P4 Describe and prepare closing entries. Check my work 6.value: 16.70 pointsRequired information 7. Prepare a post-closing trial balance. (Please prepare your trial balance in chart of accounts order given in the question.)