On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 1 Noton invested $30,000 cash and computer equipment worth 330,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $3,000 cash for the first month'. (April) rent. 3 The company purchased $1,400 of office supplies for cash 10 The company paid $2,100 cash for the premium on a 12-month Insurance policy. Coverage begins on April 11. 14 The company paid $1,800 cash for two weeks' salaries earned by employees. 24 The company collected $12.500 cash for comissions earned. 28 The company paid $1,800 cash for two weeks' walaries earned by employees. 29 The company paid $500 cash for minor repairs to the company's computer. 30 The company paid $850 cash for this month's telephone bili 20 The company paid $1,600 cash in dividends. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 orice fupplies 128 Prepaid Insurance 167 Computer Tquipment 160 Accumulated Depreciation Computer Nquip. 209 salaries Payable 307 Comon stock 318 letained Earnings 319 Dividendo 405 Commission Tarned 612 Depreciation Expense Computer Equip 622 salaries Expono 637 Insurance pense 640 Hent txpense 650 orice supplies Expense 684 Repairs Expense 600 Telephone Expense 901 Income way Use the following information: a. Prepaid insurance of $117 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 $440 of unpaid and unrecorded salaries as of month-end, e. The company earned $1,650 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. On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 1 Noton invested $30,000 cash and computer equipment worth 330,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $3,000 cash for the first month'. (April) rent. 3 The company purchased $1,400 of office supplies for cash 10 The company paid $2,100 cash for the premium on a 12-month Insurance policy. Coverage begins on April 11. 14 The company paid $1,800 cash for two weeks' salaries earned by employees. 24 The company collected $12.500 cash for comissions earned. 28 The company paid $1,800 cash for two weeks' walaries earned by employees. 29 The company paid $500 cash for minor repairs to the company's computer. 30 The company paid $850 cash for this month's telephone bili 20 The company paid $1,600 cash in dividends. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 orice fupplies 128 Prepaid Insurance 167 Computer Tquipment 160 Accumulated Depreciation Computer Nquip. 209 salaries Payable 307 Comon stock 318 letained Earnings 319 Dividendo 405 Commission Tarned 612 Depreciation Expense Computer Equip 622 salaries Expono 637 Insurance pense 640 Hent txpense 650 orice supplies Expense 684 Repairs Expense 600 Telephone Expense 901 Income way Use the following information: a. Prepaid insurance of $117 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 $440 of unpaid and unrecorded salaries as of month-end, e. The company earned $1,650 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