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 $31,030 cash and computer equipment worth $30,wee in the company in exchange for common stock. 2 The company rented furnished office space by paying $2, 700 cash for the first month's (April) rent. 3 The company purchased $1, 500 of office supplies for cash. 10 The company paid $2,600 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 $17,006 cash for commissions earned. 28 The company paid $1, 500 cash for two weeks' salaries earned by employees. 29 The company paid $40e cash for minor repairs to the company's computer. 30 The company paid $see cash for this month's telephone bill. 30 The company paid $2, ee0 cash in dividends. The company's chart of accounts follows: 101 Cash 405 Commissions Earned 106 Accounts Receivable 612 Depreciation Expense-Computer Equip. 124 office Supplies 622 Salaries Expense 128 Prepaid Insurance 637 Insurance Expense 167 Computer Equipment 640 Rent Expense 168 Accumulated Depreciation-Computer Equip. 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: a. Prepaid Insurance of $144 has expired this month. b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on the computer equipment Is $400. d. Employees earned $360 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,200 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 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.Req 1 and 2 Reg 3 Req 4 Adj Reg 4 Adj Entries Trial Bal Req 5A Reg 5B Req 5C Reg 6A Req 68 GL Reg 7 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. No Date General Journal Debit Credit 1 April 01 Cash 31,000 Computer equipment 30,000 Common stock 61,000 2 April 02 Rent expense 2,700 Cash 2,700 3 April 03 Office supplies 1,500 Cash 1,500 4 April 10 Prepaid insurance 2,600 Cash 2,600 5 April 14 Salaries expense 1,500 Cash 1,500 6 April 24 Cash O 17,000 Commissions earned 17,000 7 April 28 Salaries expense 1,500 Cast 1,500 8 April 29 Repairs expense O 400 Cash 400 9 April 30 Telephone expense 800 Cash 800 10 April 30 Dividends 2,000 Cash 2,000ADVENTURE TRAVEL Unadjusted Trial Balance April 30 Account Title Debit Credit 101: Cash S 36,500 % 106: Accounts receivable O X 124: Office supplies 1,500 128: Prepaid insurance 2,600 167: Computer equipment 30,000 168: Accumulated depreciation-Computer equipment 0 x 209: Salaries payable 0 X 307: Common stock S 61,000 318: Retained earnings 0 x 319: Dividends 2,000 405: Commissions earned 17,000 612: Depreciation expense-Computer equipment 0 x 622: Salaries expense 1,500 * 637: Insurance expense 640: Rent expense 2,700 650: Office supplies expense 0 * 684: Repairs expense 400 688: Telephone expense 800 Total S 78,000 78,000Req 1 and 2 Reg 3 Req 4 Adj Reg 4 Adj Entries Trial Bal Reg 5A Reg 58 Req 5C Reg 6A Req 68 GL Reg 7 Journalize the adjusting entries for the month, and then post to the ledger on Req 68 tab, using April 30 Adj. as the date. (Do not round intermediate calculations and round the final answers to nearest whole number.) No Transaction General Journal Debit Credit 1 a. Insurance expense 144 Prepaid insurance 144 2 b. Office supplies expense 600 X Office supplies 600 X 3 C Depreciation expense-Computer equip. 400 Accumulated depreciation-Computer equip. 400 4 d. Salaries expense 360 Salaries payable 360 5 e. Accounts receivable 2,000 X Commissions earned 2,000 X