On April 1, Jiro Nozomi created a new travel agency, Adventure Travel, The following transactions occurred during the company's first menth: April 2 Nozoni invested 835,000 cash and computer equipeent worth 525 , 0ee in the cospany in exchange for its cosan stock. April 3 The company rented furnished office space by paying 52,700 cash for the first month's (Agrit) reat, Aprit 4 The company purchased 11,300 of office supplies for cash. Agril 10 The company paid $2,700 cash for a 22-nonth insurance policy. Coverage begins on April 11. April 14 The conpany paid 5900 cash for two weeks' salaries earned by eaployees. April 24 The conpany collected 510,500 cash for comaissions revenue. April 28 the corpany paid $900 cash tor two weeks' salaries earned by esployees. April 29 The conpany paid $50 cash for minor repairs to computer equiptent. April 30 The conpany paid 31, 3ae cash for this month's telephone bitl. Aprit 30 The company paid 51,580 cash in dividends. Tha enmnanuik ehart af aceounts follows: Use the following information to prepare adjusting entries: a. Prepald insurance of $150 expired this month. b. At the end of the month. $700 of office supplies are still available. c. This month's depreciation on computer equipment is $300 d. Employees earned $440 of unpaid and unrecorded salaries as of month-end. 4. The company earned $2,450 of commissions revenue thot is not yet recorded at month-end d. Employees earned $440 of unpaid and unrecorded salaries as of month-end. e. The company eamed $2,450 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 Requirement 6BGL tab. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6BGL tab, prepare an unadjusted trial balance as of April 30. 4. Joumalize the adjusting entries for the month, and then post to the ledger on Requirement 6BGL tab, using Aprii 30 Adjusted as the date. 5a. Using adjusted account balances from Requirement 68GL 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 retained earnings 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 Requirement 6GBG tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Using account balances from Requirement 68, prepare an unadjusted trial balance as of Aprii 30
