On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 2 Nozoni invested 534,000 cash and computer equipment worth $35,000 in the company in exchange for its common stock April 3 The company rented furnished office space by paying $2,500 cash for the first month's (April) rent. April 4 The company purchased $1,500 of office supplies for cash April 10 The company paid $3,000 cash for a 12-month insurance policy, Coverage begins on April 11. April 14 The company paid $1,300 cash for two weeks' salaries earned by employees. April 24 The company collected $11,000 cash for commissions revenue. April 28 The company paid $1,300 cash for two weeks' salaries earned by employees, April 29 The company paid $450 cash for minor repairs to computer equipment. April 30 The company paid $950 cash for this month's telephone bill. April 30 The company paid $1,500 cash in dividends. The company's chart of accounts follows: 101 Cash 186 Accounts Receivable 124 Office Supplies 12a Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equipment 209 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends 483 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 901 Income Summary Use the following information to prepare adjusting entries: a. Prepaid insurance of $170 expired this month. b. At the end of the month, $400 of office supplies are still available, c. This month's depreciation on computer equipment is $400. d. Employees earned $570 of unpaid and unrecorded salaries as of month-end e. The company earned $2,400 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 68 GL tab, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Requirement GB GL tab, prepare an adjusted trial balance as of April 30. 5b. Prepare the income statement for the month of April 30. 5c. Prepare the statement of retained eamings 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 Req3 Req 4 ReqSA Reg 58 Reg SC Reg 50 Req6A Reg 68 GL Reg 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 uneared items in balance sheet accounts. View transaction list Journal entry worksheet 1 2 3 4 6 7 8 9 10 > Nozomi invested $34,000 cash and computer equipment worth $35,000 in the company in exchange for its common stock Note: Enter debits before credits General Journal Debit Credit Date April 02 Record entry Clear entry View general Journal View transaction list Journal entry worksheet 2 3 5 6 7 8 9 10 The company rented furnished office space by paying $2,500 cash for the first month's (April) rent. Note: Enter debits before credits. Debit General Journal Credit Date April 03 View general journal Clear entry Record entry The company purchased $1,500 of office supplies for cash. Note: Enter debits before credits. Date General Journal Debit Credit April 04 Record entry Clear entry View general journal 10 The company collected $11,000 cash for commissions revenue. Note: Enter debits before credits. Debit General Journal Date Credit April 24 Record entry Clear entry View general journal Dron 2 of 2 Next View transaction list Journal entry worksheet The company paid $1,300 cash for two weeks' salaries earned by employees. Note: Enter debits before credits. Date General Journal Debit Credit April 28 Record entry Clear entry View general journal Prepare journal entries to record the transactions for April and post them to ledger accounts In Requirement 6B GL records prepaid and unearned items in balance sheet accounts. View transaction list Journal entry worksheet > The company paid $450 cash for minor repairs to computer equipment. Note: Enter debits before credits. Date General Journal Debit Credit April 29 Record entry Clear entry View general journal HULL waid IL SIGEL accuUILS View transaction list Journal entry worksheet The company paid $950 cash for this month's telephone bill. Note: Enter debits before credits. Date General Journal Debit Credit April 30 Record entry Clear entry View general journal At the end of the month, $400 of office supplies are still available. Record the required adjusting entry, if any. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general Journal date. (Do not round Intermediate calculations and round the final answers to nearest Whole umber) View transaction list Journal entry worksheet > Employees earned $570 of unpaid and unrecorded salaries as of month-end. Record the required adjusting entry, if any. Note: Enter debits before credits. Transaction General Journal Debit Credit d. Record entry Clear entry View general journal Journal entry worksheet Red 1 and 2 Req3 Req 4 Req 5A Req 5B Reg 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 Retained earnings, April 30 2 3 WY Record the entry to close the expense account(s). Note: Enter debits before credits. Date General Journal Debit Credit April 30 View general Journal Clear entry Record entry Next View transaction list Journal entry worksheet View transaction list Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits. Debit General Journal Date Credit April 30 Record entry Clear entry View general journal 2 Real and 2 Reu Reg4 Reg SA Reg 5 Reg SC RSD ite Rea GB GL Reg Post the journal entries to the ledger, (select April 10 Adjusted as date for all adjusting entries and April 30 Close as date for all douing entries.) 50 General Ledger accounts 101 Cash Debit 100 Accounts Receivable Det Credit Credit Balance Date Print Preces 424: Office Supplies Debit Croth #28: Prepaid Insurance Debit Credit Date Balance Date Balance 167: Computer Equipment Debit Credit Date 168: Accumulated Depreciation Computer Equipment Date Debit Credit Bulance Balance 209: Salaries Payable Debit Credit 307: Common Stock Debit Credit Date Balance Date Balance ces 318 Retained Earnings Debit Credit 319: Dividends Debit Credit Date Balance Balance Date 403: Commissions Revenue Debit Credit 612: Depreciation Expense - Computer Equipment Date Debit Credit Balance Date Balance 622: Salaries Exponse Debit Credit 637: Insurance Expense Debit Credit Date Balance Date Balance G10: Rent Expense Debit Credit 650: Office Supplies Expense Debit Credit Date Balance Date Balance 540: Rent Expense Debit Credit 650: Office Supplies Expense Dett Credit Date Balance Date Balance 654: Repairs Expense Debit Credit 688: Telephone Expense Debit Credit Dato Balance Date Balance es 901: Income Summary Debit Credit Date Balance Req Req 5C Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Prepare a post-closing trial balance. ADVENTURE TRAVEL Post-Closing Trial Balance April 30 Account Title Debit Credit Totals