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 $$45,000$ cash and computer equipment worth $$35,000$ in the company in exchange for common stock.

$2$

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

$3$

The company purchased $$1,800$ of office supplies for cash.

$10$

The company paid $$2,000$ cash for the premium on a $12-$month insurance policy. Coverage begins on April $11.$

$14$

The company paid $$1,200$ cash for two weeks' salaries earned by employees.

$24$

The company collected $$13,500$ cash for commissions earned.

$28$

The company paid $$1,200$ 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 $$1,350$ cash for this month's telephone bill.

$30$

The company paid $$2,100$ cash in dividends.

The company's chart of accounts follows:

$101$

Cash

$405$

Commissions Earned

$106$

Accounts Receivable

$612$

Depreciation Expense$$Computer Equip.

$124$

Office Supplies

$622$

Salaries Expense

$128$

Prepaid Insurance

$637$

Insurance Expense

$167$

Computer Equipment

$640$

Rent Expense

$168$

Accumulated Depreciation$$Computer Equip.

$650$

Office Supplies Expense

$209$

Salaries Payable

$684$

Repairs Expense

$307$

Common Stock

$688$

Telephone Expense

$318$

Retained Earnings

$901$

Income Summary

$319$

Dividends

Use the following information:

Prepaid insurance of $$111$ has expired this month.

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

This month$$s depreciation on the computer equipment is $$400.$

Employees earned $$450$ of unpaid and unrecorded salaries as of month$-$end.

The company earned $$1,900$ 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 $6$b$.$ The company records prepaid and unearned items in balance sheet accounts.

$3.$ Using account balances from Requirement $6$b$,$ prepare an unadjusted trial balance as of April $30.$

$4.$ 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 on April $30.$

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

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

$7.$ Prepare a post$-$closing trial balance.