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 $42,000 cash and computer equipment worth $25,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,900 cash for the first month's (April) rent. 3 The company purchased $1,300 of office supplies for cash. 10 The company paid $2,500 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $8ee cash for two weeks' salaries earned by employees. 24 The company collected $15,5ee cash for commissions earned. 28 The company paid $8ee cash for two weeks' salaries earned by employees. 29 The company paid $350 cash for minor repairs to the company's computer. 30 The company paid $1,300 cash for this month's telephone bill 30 The company paid $2,100 cash in dividends. The company's chart of accounts follows: 101 Cash 105 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip. 209 Salaries Payable 307 Common Stock 318 Retained Earnings 405 Commissions Earned 612 Depreciation Expense-Computer Equip. 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 9e1 Income Summary 307 Common Stock 318 Retained Earnings 319 Dividends - LA 688 Telephone Expense 901 Income Summary Use the following information: a. Prepaid insurance of $139 has expired this month. b. At the end of the month, $500 of office supplies are still available. c. This month's depreciation on the computer equipment is $400. d. Employees earned $520 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,950 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. Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 > Nozomi invested $42,000 cash and computer equipment worth $25,000 in the company in exchange for common stock. Note: Enter debits before credits General Journal Debit Credit Date April 01 Record entry Clear entry View general Journal Journal entry worksheet The company rented furnished office space by paying $2,900 cash for the first month's (April) rent Note: Enter debits before credits General Journal Debit Credit Date April 02 Record entry Clear entry View general journal Journal entry worksheet 2 4 5 6 7 8 9 10 > The company purchased $1,300 of office supplies for cash. Note: Enter debits before credits Date General Journal Debit Credit April 03 Record entry Clear entry View general Journal Check Journal entry worksheet 1 2 3 ing 5 6 7 8 9 10 The company paid $2,500 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. Note: Enter debits before credits Date General Journal Debit Credit April 10 Record entry Clear entry View general Journal Journal entry worksheet 4 6 7 8 9 10 > The company paid $800 cash for two weeks' salaries earned by employees. Note: Enter debits before credits Date General Journal Debit Credit April 14 Record entry Clear entry View general Journal Check Journal entry worksheet The company collected $15,500 cash for commissions earned. Note: Enter debits before credits General Journal Debit Credit Date April 24 Record entry Clear entry View general journal Journal entry worksheet The company paid $350 cash for minor repairs to the company's computer. Note: Enter debits before credits General Journal Debit Credit Date April 29 Record entry Clear entry View general Journal Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 > The company paid $1,300 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 Chec Journal entry worksheet 3 4 5 6 7 8 9 0 The company paid $2,100 cash in dividends. Note: Enter debits before credits Date General Journal Debit Credit April 30 Record entry Clear entry View general Journal