On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 2 Nozomi invested $48,888 cash and computer equipment worth $40,000 in the company. April 3 The company rented furnished office space by paying $3,000 cash for the first month's (April) rent. April 4 The company purchased $2,000 of office supplies for cash. April 10 The company paid $2,100 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,500 cash for two weeks' salaries earned by employees. April 24 The company collected $10,000 cash for comissions revenue. April 28 The company paid $1,500 cash for two weeks' salaries earned by employees. April 29 The company paid $350 cash for minor repairs to computer equipment. April 30 The company paid $900 cash for this month's telephone bill. April 30 Nozoni Withdrew $2,300 cash from the company for personal use. The company's chart of accounts follows: 101 Cash 403 Commissions Revenue 106 Accounts Receivable 612 Depreciation Expense-Computer Equipment 124 Office Supplies 622 Salaries Expense 128 Prepaid Insurance 637 Insurance Expense 167 Computer Equipment 640 Rent Expense 168 Accumulated Depreciation-Computer Equipment 650 Office Supplies Expense 209 Salaries Payable 684 Repairs Expense 301 J. Nozomi, Capital 688 Telephone Expense 302 J. Nozomi, Withdrawals 901 Income Summary Use the following Information to prepare adjusting entries: a. Prepaid insurance of $117 expired this month. b. At the end of the month, $600 of office supplies are still available, c. This month's depreciation on computer equipment is $600. d. Employees earned $490 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,300 of commissions revenue that is not yet recorded at month-end. Journal entry worksheet Record the entry to close expense account(s). Note: Enter debits before credits General Journal Debit Credit Date April 30 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 Record the entry to close income summary. Note: Enter debits before credits. General Journal Debit Credit Date April 30 Record entry Clear entry View general journal Journal entry worksheet