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

April $1$ Nozomi invested $$38,000$ cash and computer equipment worth $$30,000$ in the company in exchange for common stock.

April $2$ The company rented furnished office space by paying $$2,100$ cash for the first month's $($April$)$ rent.

April $3$ The company purchased $$1,900$ of office supplies for cash.

April $10$ The company paid $$2,500$ cash for the premium on a $12-$month insurance policy. Coverage begins on April $11.$

April $14$ The company paid $$1,800$ cash for two weeks' salaries earned by employees.

April $24$ The company collected $$13,000$ cash for commissions revenue.

April $28$ The company paid $$1,800$ cash for two weeks' salaries earned by employees.

April $29$ The company paid $$500$ cash for minor repairs to the company's computer.

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

April $30$ The company paid $$2,000$ 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 Equipment

$209$ Salaries Payable

$307$ Common Stock

$318$ Retained Earnings

$405$ Commissions Revenue

$612$ Depreciation Expense$-$Computer Equipment

$622$alaries Expense

$637$ Insurance Expense

$640$ Rent Expense

$650$ Office Supplies Expense

$684$ Repairs Expense

$688$ Telephone Expense

$901$ Income Summary

$319$ Dividends

Use the following information:

a$.$ Prepaid insurance of $$139$ has expired this month.

b$.$ At the end of the month, $$700$ of office supplies are still available.

c$.$ This month's depreciation on the computer equipment is $$500.$

d$.$ Employees earned $$360$ of unpaid and unrecorded salaries as of month$-$end.

e$.$ The company earned $$2,350$ of commissions that are not yet billed at month$-$end.Required:

& $2.$ 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.

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

Journalize the adjusting entries for the month and prepare the adjusted trial balance.

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

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

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

$6$a$.$ Prepare journal entries to close the temporary accounts and then post to Requirement $6b.$

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

Prepare a post$-$closing trial balance.

Complete this question by entering your answers in the tabs below.

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.

Journal entry worksheet

Nozomi invested $$38,000$ cash and computer equipment worth $$30,000$ in the company in exchange for common stock.Required:

& $2.$ 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.

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

Journalize the adjusting entries for the month and prepare the adjusted trial balance.

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

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

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

$6$a$.$ Prepare journal entries to close the temporary accounts and then post to Requirement $6b.$

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

Prepare a post$-$closing trial balance.

Complete this question by entering your answers in the tabs below.

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.

Journal entry worksheet

Nozomi invested $$38,000$ cash and computer equipment worth $$30,000$ in the company in exchange for common stock.