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 $30,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. 3 The company purchased $1,400 of office supplies for cash. 10 The company paid $2,400 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,500 cash for two weeks' salaries earned by employees. 24 The company collected $16,000 cash for commissions revenue. 28 The company paid $1,500 cash for two weeks' salaries earned by employees 29 The company paid $500 cash for minor repairs to the company's computer. 30 The company paid $1,100 cash for this month's telephone bill. 30 The company paid $2,400 cash in dividends. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip. 209 Salaries Payable 307 Common Stock 318 Retained Earnings 405 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 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip. 209 salaries Payable 307 Common stock 318 Retained Earnings 319 Dividends 405 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 Use the following information: a. Prepaid insurance of $133 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 $500 d. Employees earned $480 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,550 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 6b. The Required: 1. & 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. 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 prepare the adjusted trial balance. 5a. Prepare the income statement for the month of April 30. 5b. Prepare the statement of retained earnings for the month of April 30. 5c. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 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. Reg 1 and 2 Reg 3 Req 4 Ad) Entries Req 4 Ad) Trial Bal Reg SA Reg 5B Req 5C Reg 6 Req 6B GL Reg 7 Prepare the statement of retained earnings for the month of April 30. ADVENTURE TRAVEL 1 April 01 Cash Computer equipment Common stock 45,000 30,000 75,000 2 April 02 Rent expense Cash 2.300 2,300 3 April 03 Office supplies Cash 1,400 1,400 4 April 10 Prepaid insurance Cash 2,400 2,400 5 April 14 Salaries expense Cash 1,500 1,500 6 April 24 Cash Commissions revenue 16,000 16,000 5 April 14 Salaries expense Cash 1,500 1,500 6 April 24 Cash 16.000 Commissions revenue 16,000 7 April 28 Salaries expense 1,500 Cash 1,500 8 April 29 Repairs expense Cash 500 500 9 April 30 1,100 Telephone expense Cash 1,100 10 April 30 2,400 Dividends Cash 2,400 Unadjusted Trial Balance April 30 Account Title Debit Credit $ $ 47,900 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance 167: Computer equipment 168: Accumulated depreciation-Computer equipment 209: Salaries payable 307: Common stock 318: Retained earnings 319: Dividends 405: Commissions revenue 612: Depreciation expense -Computer equipment 622: Salaries expense 637: Insurance expense 640: Rent expense 650. ffiro esinnlice ovnence