On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 2 Nozomi invested $39,000 cash and computer equipment worth $30,000 in the company in exchange for its common stock. April 3 The company rented furnished office space by paying $1,900 cash for the first month's (April) rent. April 4 The company purchased $1,000 of office supplies for cash. April 10 The company paid $2,160 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,500 cash for two weeks' salaries earned by employees. April 24 The company collected $12,500 cash for commissions revenue. April 28 The company paid $1,500 cash for two weeks' salaries earned by employees. April 29 The company paid $300 cash for minor repairs to computer equipment. April 30 The company paid $1,450 cash for this month's telephone bill. April 30 The company paid $1,510 cash in dividends. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 403 Commissions Revenue 612 Depreciation Expense-Computer Equipment 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 168 Accumulated Depreciation-Computer Equipment 650 Office Supplies Expense 209 Salaries Payable 684 Repairs Expense 307 Common Stock 688 Telephone Expense 318 Retained Earnings 901 Income Summary 319 Dividends Use the following information to prepare adjusting entries: a. Prepaid insurance of $120 expired this month. b. At the end of the month, $800 of office supplies are still available. c. This month's depreciation on computer equipment is $400. d. Employees earned $300 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,450 of commissions revenue that is not yet recorded at month-end. Required: Required: 1. & 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6B GL tab, prepare an unadjusted trial balance as of April 30. 4. Journalize the adjusting entries for the month, and then post to the ledger on Requirement 6B GL tab, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Requirement 6B GL tab, prepare an adjusted trial balance as of April 30. 5b. Prepare the income statement for the month of April 30. Sc. 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 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. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5A Req 58 Req 5C Req 5D Req 6A Req 6B GL Req 7 Using account balances from Requirement 6B, prepare an unadjusted trial balance as of April 30. ADVENTURE TRAVEL Unadjusted Trial Balance April 30 Account Title 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 eamings 319: Dividends 403: Commissions revenue 612: Depreciation expense-Computer equipment 622: Salaries expense 637: Insurance expense 640: Rent expense 650: Office supplies expense 684: Repairs expense 688: Telephone expense Totals Debit Credit $ 0 $ 0 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req SA Req 5B Req SC Req 5D Req 6A Req 6B GL Req 7 Journalize the adjusting entries for the month, and then post to the ledger on Requirement 6B GL tab, using April 30 Adjusted as the date. (Do not round intermediate calculations and round the final answers to nearest whole number.) View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 41 Req SA Req 58 Req 5C Req 5D Req 6A Req 6B GL Req 7 Prepare the income statement for the month of April 30. ADVENTURE TRAVEL Income Statement For Month Ended April 30 Revenues: Expenses: Total expenses 0 $ Complete this question by entering your answers in the tabs below. Req 1 and 21 Req 3 Req 4 Req SA Req 5B Req SC Req 5D Req 6A Req 6B GL Req 7 Prepare the statement of retained earnings for the month of April 30. ADVENTURE TRAVEL Statement of Retained Earnings For Month Ended April 30 Retained earnings, April 1 $ 0 0 Retained earnings, April 30 $ 0 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req SA Req 5B Req 5C Req 5D Req 6A Req 6B GL Req 7 Prepare the balance sheet at April 30. Total assets ADVENTURE TRAVEL Balance Sheet April 30 0 $ 0 Total equity 0 Total liabilities and equity $ 0 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req SA Req 5B Req SC Req 5D Req 6A Req 68 GL Req 7 Prepare journal entries to close the temporary accounts and then post to Requirement 6B GL tab, using April 30 Close as the date. View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req 5C Req 5D Req 6A Req 6B GL Req 7 Prepare a post-closing trial balance. ADVENTURE TRAVEL Totals Post-Closing Trial Balance April 30 Account Title Debit Credit $ 0 $ 0 Req 1 and 2 Req 3 Req 4 Req SA Req 58 Req SC Req 5D Req 6A Req 58 GL Req 7 Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab. The company records prepaid and unearned items in balance sheet accounts. View transaction list View journal entry worksheet No Date General Journal 1 April 02 Cash Computer equipment Common stock 2 April 03 Rent expense Cash Debit Credit 39,000 30,000 69,000 1,900 1,900 3 April 04 Office supplies Cash 1,000 1,000 4 April 10 Prepaid insurance. 2,160 Cash 2,160 5 April 14 Salaries expense Cash 6 April 24 Cash 12,500 Commissions revenue 12,500 1,500 1,500 7 April 281 Salaries expense Cash 8 April 29 Repairs expense Cash 1,500 1,500 300 300 Cash 9 April 30 Telephone expense Cash 10 April 30 Dividends Cash 300 1,450 1,450 1,510 1,510