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On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the companys first month. 1 Nozomi invested

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On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the companys first month. 1 Nozomi invested $36,000 cash and computer equipment worth $20,o00 in the company in exchange for connon stock. 2 The compamy rented furnished office space by paying $1,900 cash for the first month's (April) rent. 3 The company purchased $1,100 of office supplies for cash. 10 The conpany paid $3,000 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $80e cash for two weeks salaries earned by esployees. 24 The comeany collected $17,000 cash on conmissions from airlines on tickets obtained for custoners. 28 The company paid $800 cash for two weeks salaries earned by enployees. 29 The conpany paid $300 cash for einor repairs to the company's computer. 30 The company paid $1,200 cash for this month's telephone bill. April 30 The company paid $2,000 cash in dividends. The company's chart of accounts follows 405 Comeissions Earned 612 Deprectation Expense-Computer Equip. alaries Epense 101 Cash 106 Accounts Receivable 124 office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip. 2e9 Salarles Payable 387 Common Steck 318 Retained Earnings 315 Dividends 637 Insurance Expense 640 Rent Expense 650 office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Sumary Next Prey 1 of 1 Use the following information: a. Two-thirds (or $167) of one month's insurance coverage has expired. b. At the end of the month, $400 of office supplies are still available. c. This month's depreciation on the computer equipment is $400. d. Employees eaned $570 of unpaid and unrecorded salaries as of month-end e. The company earned $2,250 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 uneamed 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, 5o. 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 60. 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 Complete this question by entering your answers in the tabs below. Reg 4 Ad Reg 4 Ad Reg 7 Req SA Req SB Reg SC Reg 64 Reg 68 GL Req 1 and 2 Reg 3 Fntries Trial Bal 1 of 1 Next Prey

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