On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. Apr. 2 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company. 3 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. 4 The company purchased $1,000 of office supplies for cash. 10 The company paid $2,400 cash for a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,600 cash for two weeks' salaries earned by employees. 24 The company collected $8,000 cash for commissions revenue. 28 The company paid $1,600 cash for two weeks' salaries earned by employees, 29 The company paid $350 cash for minor repairs to computer equipment. 30 The company paid $750 cash for this month's telephone bill. 30 Nozomi withdrew $1,500 cash from the company for personal use. 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip. 209 Salaries Payable 301 J. Nozomi, Capital 302 J. Nozomi, Withdrawals 403 Commissions Revenue 612 Depreciation Expense-Computer Equip. 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary 1. Use the balance column format to set up each ledger account listed in its chart of accounts. 2. Prepare journal entries to record the transactions for April and post them to ledger accounts. 3. Prepare an unadjusted trial balance as of April 30. Check (3) Unadj. trial balance totals, $58,000 4. Use the following information to journalize and post adjusting entries for the month. a. Prepaid insurance of $133 expired this month. (4a) Dr. Insurance Expense, $133 b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on computer equipment is $500. d. Employees earned $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,750 of commissions revenue that is not yet recorded at month-end. 5. Prepare the adjusted trial balance as of April 30. Prepare the income statement and the statement of owner's equity for the month of April and the balance sheet at April 30. (5) Net income, $2.197; Total assets, $51,117 6. Prepare journal entries to close the temporary accounts and post these entries to the ledger. d. Employees earned $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,750 of commissions revenue that is not yet recorded at month-end. 5. Prepare the adjusted trial balance as of April 30. Prepare the income statement and the statement of owner's equity for the month of April and the balance sheet at April 30.1 (5) Net income, $2.197; Total assets, $51,117 6. Prepare journal entries to close the temporary accounts and post these entries to the ledger. 7. Prepare a post-closing trial balance