On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month.

On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's rst month. April 1 Nozomi invested $34,008 cash and computer equipment worth $35,888 in the company. 2 The company rented furnished office space by paying $2,288 cash 'For the 'First month's (April) rent. 3 The company purchased $1,400 of office supplies for cash. 10 The company paid $2,208 cash 'For the premium on a 12month insurance policy. Coverage begins on April 11. 14 The company paid $1,508 cash 'For two weeks' salaries earned by employees. 24 The company collected $3,500 cash for commissions earned. 28 The company paid $1,508 cash 'For two weeks' salaries earned by employees. 29 The company paid $250 cash for minor repairs to the company's computer. 30 The company paid $1,408 cash 'For this month's telephone bill. 30 Nozomi withdrew $1,500 cash 'From the company for personal use. The company's chart of accounts follows: 181 Cash 485 Commissions Earned 186 Accounts Receivable 612 Depreciation ExpenseComputer Equip. 124 Office Supplies 622 Salaries Expense 123 Prepaid Insurance 637 Insurance Expense 16? Computer Equipment 648 Rent Expense 163 Accumulated DepreciationComputer Equip. 658 Office Supplies Expense 289 Salaries Payable 634 Repairs Expense 381 J. Nozomi, Capital 633 Telephone Expense 382 J. Nozomi, Withdrawals 981 Income Summary Use the following information: a. Prepaid insurance of $122 has expired this mo nth. b. At the end ofthe month. $500 of ofce supplies are still available. c. This month's depreciation on the computer equipment is $500. d. Employees earned $360 of unpaid and unrecorded salaries as of monthend. e. The company earned $1300 of commissions that are not yet billed at monthend. Required: 1. 8: 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. Joumalize the adjusting entries for the month and prepare the adjusted trial balance. 51:. Prepare the income statement for the month of April 30. 5b. Prepare the statement of owner's equity for the month of April 30. 5:. Prepare the balance sheet at April 30. 6a. Preparejournal entries to close the temporary accounts and then post to Requirement 6b. 6b. Post the journal entries to the ledger. 1 Prepare a postclosing trial balance