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

April 2	Nozomi invested $41,000 cash and computer equipment worth $25,000 in the company.
April 3	The company rented furnished office space by paying $1,600 cash for the first months (April) rent.
April 4	The company purchased $1,500 of office supplies for cash.
April 10	The company paid $3,000 cash for a 12-month insurance policy. Coverage begins on April 11.
April 14	The company paid $1,200 cash for two weeks' salaries earned by employees.
April 24	The company collected $12,000 cash for commissions revenue.
April 28	The company paid $1,200 cash for two weeks' salaries earned by employees.
April 29	The company paid $400 cash for minor repairs to computer equipment.
April 30	The company paid $1,200 cash for this month's telephone bill.
April 30	Nozomi withdrew $2,100 cash from the company for personal use.

The company's chart of accounts follows:

101	Cash	403	Commissions Revenue
106	Accounts Receivable	612	Depreciation ExpenseComputer Equipment
124	Office Supplies	622	Salaries Expense
128	Prepaid Insurance	637	Insurance Expense
167	Computer Equipment	640	Rent Expense
168	Accumulated DepreciationComputer Equipment	650	Office Supplies Expense
209	Salaries Payable	684	Repairs Expense
301	J. Nozomi, Capital	688	Telephone Expense
302	J. Nozomi, Withdrawals	901	Income Summary

Use the following information to prepare adjusting entries:

1. Prepaid insurance of $167 expired this month.
2. At the end of the month, $400 of office supplies are still available.
3. This months depreciation on computer equipment is $500.
4. Employees earned $410 of unpaid and unrecorded salaries as of month-end.
5. The company earned $2,000 of commissions revenue that is not yet recorded at month-end.

Required: 1. & 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Req 6B GL tab. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. 4. Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Req 6B GL tab, prepare an adjusted trial balance as of April 30. 5b. Prepare the income statement for the month of April 30. 5c. Prepare the statement of owner's equity for the month of April 30. 5d. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Req 6B GL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance.

General Ledger accounts 101: Cash 106: Accounts Receivable Date Debit Credit Balance Date Credit Balance Debit 2,000 41,000 April 30 Adjusted 2,000 1,600 1,500 3,000 41,000 39,400 37,900 34,900 1,200 33.700 April 2 April 3 April 4 April 10 April 14 April 24 April 28 April 29 April 30 Telephone April 30 WD 12,000 1,200 45,700 44,500 44,100 400 1,200 42,900 40,800 2,100 Date Balance Date 124: Office Supplies Debit Credit 1,500 1,100 128: Prepaid Insurance Debit Credit 3,000 April 4 1,500 April 10 April 30 Adjusted Balance 3,000 2,833 April 30 Adjusted 400 167 Date 167: Computer Equipment Debit Credit 25,000 Balance 25,000 168: Accumulated Depreciation-Computer equipment Date Debit Credit Balance April 30 Adjusted 500 500 April 2 209: Salaries Payable Debit Credit Date Balance Date 301: J. Nozomi, Capital Debit Credit 66,000 Balance 66,000 April 30 Adjusted 410 410 April 2 April 30 Close Date Balance Date Balance 302: J. Nozomi, Withdrawals Debit Credit 2,100 2,100 403: Commissions Revenue Debit Credit 12,000 2,000 12,000 April 30 April 30 Close 2,100 0 April 24 April 30 Adjusted April 30 Close 14,000 622: Salaries Expense Debit Credit Date Balance 612: Depreciation Expense-Computer Equipment Date Debit Credit Balance April 30 Adjusted 500 500 April 30 Close 500 0 1,200 April 14 April 28 April 30 Close 1,200 1,200 2,400 640: Rent Expense Date 637: Insurance Expense Debit Credit 167 Balance Date Debit Credit Balance 167 1,600 1,600 April 30 Adjusted April 30 Close April 3 April 30 Close 167 0 1,600 0 Balance Date April 30 Adjusted April 30 Close 650: Office Supplies Expense Debit Credit 1,100 1,100 Balance 1,100 684: Repairs Expense Debit Credit 400 Date April 29 April 30 Close 400 0 400 0 1 Date April 30 Close 688: Telephone Expense Debit Credit 1,200 Balance Balance (1,200) 901: Income Summary Debit Credit 14,000 Date April 30 Close 14,000