On April 1, 2017, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $30,000 cash and computer equipment worth $20,000 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 $1,000 of office supplies for cash. 10 The company paid $2,400 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,600 Cash for two weeks' salaries earned by employees. 24 The company collected $8,000 cash on commissions from airlines on tickets obtained for customers. 28 The company paid $1,600 cash for two weeks' salaries earned by employees. 29 The company paid $350 ea for minor repairs to the company's computer. 30 The company paid $750 cash for this month's telephone bill. 30 The company paid $1,500 cash in dividends. 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 Comissions Earned 612 Depreciation Expense-Computer Equip. 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Suppl Les Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary Use the following information: a. Two-thirds (or $133) 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 $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,750 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 Retained Earnings Debit Credit 2,197 Date April 30 Credit Balance 2,197 Dividends Debit 1,500 Date April 30 April 30 Close Balance 1,500 1,500 Date April 24 April 30 Adj. April 30 Close Commissions Earned Debit Credit 8,000 1,750 9,750 Depreciation Expense-Computer Equipment Date Debit Credit Balance April 30 Adj. 500 500 April 30 Close 5000 Balance 8,000 9,750 0 Balance Date April 14 April 28 April 30 Adj. April 30 Close Salaries Expense Debit Credit 1,600 1,600 420 3,620 Balance 1,600 3,200 3,620 0 Date April 30 Adj. April 30 Close Insurance Expense Debit Credit 133 133 Balance Date April 2 April 30 Close Rent Expense Debit Credit Balance 1,800 1,800 1,8000 Date April 30 Adj. April 30 Close Office Supplies Expense Debit Credit 400 400 Date April 29 April 30 Close Repairs Expense Debit Credit 350 350 Balance 350 0 Date April 30 April 30 Close Telephone Expense Debit Credit Balance 750 750 7500 Complete this question by entering your answers in the tabs below. Req 1 and Req3 Req 4 Adj Req 4 Adj Entries Trial Bal di Req 5A Req 5B Req 5C Reg 6A Req 6B GL 2 Req 7 Post the journal entries to the ledger. If there is more than one transaction on a specific date, make sure to select the specific (ab that transaction in the date field. General Ledger accounts Cash Debit 30,000 Credit Date April 30 Adj. Accounts Receivable Debit Credit 1.750 Balance 1,750 Date April 1 April 2 April 3 April 10 April 14 April 24 April 28 April 29 April 30 Tel. April 30 Div. 1,800 1,000 2,400 1,600 eeeeeeeeee Balance 30,000 28,200 27,200 24,800 23,200 31,200 29,600 29,250 28,500 27,000 8.000 1,600 350 750 1,500 Date April 3 April 30 Adi. Office Supplies Debit Credit 1,000 400 Balance 1,000 600 Date April 10 April 30 Adj. Prepaid Insurance Debit Credit 2,400 133 Balance 2,400 2,267 Date Computer Equipment Debit Credit 20,000 Balance 20,000 Accumulated Depreciation--Computer equipment Date Debit Credit Balance April 30 Adj. 500 500 April 1 Balance Date April 29 April 30 Close Repairs Expense Debit Credit Balance 350 350 3500 Date April 30 April 30 Close Telephone Expense Debit Credit 750 750 Date April 30 Rev. April 30 Exp. April 30 Close X X Income Summary Debit Credit 9,750 7,553 2,197 Balance 9,750 2,197 0 ( Req 6A Req 7 >