On April $1,$ Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month.

April $2$ Nozomi invested $$45,000$ cash and computer equipment worth $$40,000$ in the company in exchange for its common stock.

April $3$ The company rented furnished office space by paying $$2,400$ cash for the first month's $($April$)$ rent.

April $4$ The company purchased $$1,400$ of office supplies for cash.

April $10$ The company paid $$1,980$ cash for a $12-$month insurance policy. Coverage begins on April $11.$

April $14$ The company paid $$1,600$ cash for two weeks' salaries earned by employees.

April $24$ The company collected $$11,500$ cash for commissions revenue.

April $28$ The company paid $$1,600$ cash for two weeks' salaries earned by employees.

April $29$ The company paid $$550$ cash for minor repairs to computer equipment.

April $30$ The company paid $$1,150$ cash for this month's telephone bill.

April $30$ The company paid $$1,570$ cash in dividends.

The company's chart of accounts follows:

Cash

Accounts Receivable

Office Supplies

Prepaid Insurance

Computer Equipment

Accumulated Depreciation$-$Computer Equipment

Salaries Payable

Common Stock

Retained Earnings

Dividends

$403$ Commissions Revenue

$612$ Depreciation Expense$-$Computer Equipment

$622$ Salaries Expense

$637$ Insurance Expense

$640$ Rent Expense

$650$ Office Supplies Expense

$684$ Repairs Expense

$688$ Telephone Expense

$901$ Income Summary

Use the following information to prepare adjusting entries:

a$.$ Prepaid insurance of $$110$ expired this month.

b$.$ At the end of the month, $$500$ of office supplies are still available.

c$.$ This month's depreciation on computer equipment is $$400.$

d$.$ Employees earned $$440$ of unpaid and unrecorded salaries as of month$-$end.

e$.$ The company earned $$1,750$ of commissions revenue that is not yet recorded at month$-$end.

Required:

& $2.$ Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement $6BGL$ tab. The company records prepaid and unearned items in balance sheet accounts.

Using account balances from Requirement $6$B GL tab, prepare an unadjusted trial balance as of April $30.$

Journalize the adjusting entries for the month, and then post to the ledger on Requirement $6BGL$ tab, using April $30$ Adjusted as the date.

$5$a$.$ Using adjusted account balances from Requirement $6$B GL tab, prepare an adjusted trial balance as of April $30.$

$5$b$.$ Prepare the income statement for the month of April $30.$

$5$c$.$ Prepare the statement of retained earnings for the month of April $30.$

$5$d$.$ Prepare the balance sheet at April $30.$

$6$a$.$ Prepare journal entries to close the temporary accounts and then post to Requirement $6$B GL tab, using April $30$ Close as the date.

$6$b$.$ Post the journal entries to the ledger.

Prepare a post$-$closing trial balance.

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