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 $36,000 cash and computer equipment worth $40,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $1,700 cash for the first month's (April) rent. 3 The company purchased $1,200 of office supplies for cash 10 The company paid $2,900 cash for the prenlun on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,300 cash for two weeks! salaries earned by employees 24 The company collected $17,000 cash for commissions earned 28 The company paid $1,300 cash for two weeks salaries earned by employees 29 The company paid $400 cash for minor repaies to the company's computer 30 The company paid $1,400 cash for this month's telephone bill. 30 The company paid $2,300 cash in dividends. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 103 Accumulated Depreciation Computer Equip. 209 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends Les commissions Earned 612 Depreciation Expense-Computer Equip 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 office Supplies Expense 684 Repairs Expense 686 Telephone Expense 901 Income Summary Use the following Information a. Prepaid insurance of $161 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 $300. d. Employees earned $320 of unpaid and unrecorded salaries as of month-end, e. The company earned $2.000 of commissions that are not yet billed at month-end. Prepare journal entries to close the temporary accounts and then post to Red 68 General Ledger, using April 30 Close as the date. View transaction list Journal entry worksheet 1 2 3 4 Record the entry to close the revenue account(s). Note: Enter debits before credits General Journal Debit Credit April 30 Record entry Clear entry View general Journal Journal entry worksheet D Record the entry to close the income summary Note: Enter debits before credits. General Journal Debit Credit Date April 30 Record entry Clear entry View general journal Journal entry worksheet