On April 1, 2017, Jiro Nozomi create a new new travel agency, adventure travel. The following transactions occurred during the companys first month.

1. Journalize and post the adjusting entries for the month and prepare the adjusted trail balance.

Problem 3-6A Applying the accounting cycle LO P1, P2, P3, P4, P5 On Apri 1, 2017. Jiro Nozomi created a new travel agency, Adventure Travel. The following transact company's first month. April 1 Nozomi invested $44,000 cash and computer equipment worth $35,000 in the company in exchange for common stock y rented furnished office space by paying $2,700 cash for the firat month's (April) rent. 3 The company purchased $1,700 of office supplies for cash. 10 The company paid $2,900 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,200 cash for two veeks' salaries earned by enployees. 24 The company collected $16,500 cash on commissions from airlines on 28 The company paid $1,200 cash for tvo veeks salaries earned by enployees. 29 The company paid $350 cash for minor repairs to the company's computer. 30 The company paid $850 cash for this month's telephone bill 30 The company paid 2,400 cash in dividends tickets obtained for customers. The company's chart of accounts follows: 101 Cash 106 Aocounts 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 Earned 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 Ineone Sunnary Use the following information a. Two-thirds (or $161) of one month's insurance coverage has expired. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on the computer equipment is $400 d. Employees earned $420 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