On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month 1 Nozomi invested $32,000 cash and computer equipment worth $40, 000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $1,900 cash for the first month's (April) rent 3 The company purchased $1,800 of office supplies for cash. 10 The company paid $2,100 cash for the premium 14 The company paid $1,100 cash for two weeks' salaries earned by employees 24 The company collected $21,500 cash on commissions from airlines on tickets obtained for customers 28 The company paid $1,100 cash for two weeks' salaries earned by employees 29 The company paid $350 cash for minor repairs to the company's computer 30 The company paid $900 cash for this month's telephone bill 30 The company paid $2,000 cash in dividends April April 11 on a 12-month insurance policy. Coverage begins on The company's chart of accounts follows: 405 Commissions Earned 101 Cash 612 Depreciation Expense-Computer Equip 622 Salaries Expense 106 Accounts Receivable 124 office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip 209 Salaries Payable 637 Insurance Expense 640 Rent Expense 650 office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary 307 Common Stock 318 Retained Earnings 319 Dividends Use the following information: a. Two-thirds (or $117) of one month's insurance coverage has expired. b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on the computer equipment is $500. d. Employees earned $410 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,300 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 and post the adjusting entries for the month and prepare the adjusted trial balance. 5a. Prepare the income statement for the month of April 30, 2017. 5b. Prepare the statement of retained earnings for the month of April 30, 2017. 5c. Prepare the balance sheet at April 30, 2017 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