On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 1 Nozoni invested $se, ce cash and computer equipment worth $25,eee in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,200 cash for the first month's (April) rent. 3 The company purchased $1,400 of office supplies for cash. 10. The company paid $2,200 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,500 cash for two weeks' salaries earned by employees. 24 The company collected $13,5ee cash for comissions earned. 28 The company paid $1,500 cash for two weeks' salaries earned by employees. 29 The company paid $25e cash for minor repairs to the company's computer. 3e The company paid $1,25e cash for this month's telephone bill. 3e The company paid $2,300 cash in dividends. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-computer Equip. 2e9 salaries Payable 3e7 Common Stock 318 Retained Earnings 319 Dividends 405 Comissions Earned 612 Depreciation Expense-Computer Equip. 622 Salaries Expense 637 Insurance Expense 642 Rent Expense 65e Office Supplies Expense 634 Repairs Expense 688 Telephone Expense 981 Income Summary Use the following information: 6. Prepaid Insurance of $122 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 $460 of unpaid and unrecorded salaries as of month-end. e. The company earned $1700 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 65. 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. 60. 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. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 Adj Entries Req 4 Adj Trial Bal Req 5A Reg 58 Reg 5C Req 6A Req 6B GL Req 7 Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. ADVENTURE TRAVEL Unadjusted Trial Balance April 30 Account Title D ebit Credit 101: Cash 106: Accounts receivable 2.2001 124: Office supplies 128: Prepaid insurance 167: Computer equipment 168: Accumulated depreciation-Computer equipment 209: Salaries payable 307: Common stock 318: Retained earnings E 319: Dividends 405: Commissions earned 612: Depreciation expense-Computer equipment LE 622: Salaries expense 637: Insurance expense 640: Rent expense 650: Office supplies expense 684: Repairs expense 688: Telephone expense Total s 2.200 SO (Reg 1 and 2 Req 4 Adj Entries > Req 1 and 2 Req 3 Req 4 AdjReg 4 Adj Entries Trial Bal Rea SA Req 58 Reg 5C Reg 6A Req 6B GL R Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adj, as the intermediate calculations and round the final answers to nearest whole number.) View transaction list Journal entry worksheet complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 Adj Entries Reg 4 Adj Trial Bal Rea SA Req SB Req 5C Reg 6A Req 6B GL Req 7 Using adjusted account balances from Requirement 6b, prepare an adjusted trial balance as of April 30. ADVENTURE TRAVEL Adjusted Trial Balance April 30 Account Title Debit Credit 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance 167: Computer equipment 168: Accumulated depreciation - Computer equipment 209: Salaries payable 307: Common stock 318: Retained earnings 319: Dividends 405: Commissions earned 612: Depreciation expense-Computer equipment 622: Salaries expense 637: Insurance expense 640: Rent expenses 650: Office supplies expense 684 Repairs expense s 688: Telephone expense Total 0 $ 0 TILL Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 Adj Req 4 Adi Entries Trial Bal Req 5A Req 5B Req 5C Reg 6A Req 6B GL Req 7 Prepare the statement of retained earnings for the month of April 30. (Amounts to be deducted should be entered with a minus sign.) ADVENTURE TRAVEL Statement of Retained Earnings For Month Ended April 30 Retained earnings, April 1 $ Retained earnings, April 30 sol Complete this question by entering your answers in the tabs below. Req 1 and 2 Red Reg 4 Adj Entries Req 4 Adj Trial Bal Req 5A Req 5B Rea SC Reg 6A Reg 6B GL Req 7 Prepare the balance sheet at April 30. ADVENTURE TRAVEL Balance Sheet April 30 OL Total assets S 1 TIT 1 Total equity Total liabilities and equity 1 1 Complete this question by entering your answers in the tabs below. 1 Rea 1 and 2 Reg 3 Req 4 Adj Fotries Reg 4 Adj Trial Bali Req 5A Req SB Req SC Reg 6A Reg 6B GL Req 7 L A Prepare journal entries to close the temporary accounts and then post to Req 6B General Ledger, using April 30 Close as tl View transaction list Journal entry worksheet ES Check my won Land 2 Reg 4 Adj Entries Red 4 Ady Thalal Rea SA Reg Se Red SCR CAR COOL OL the journal entries to the ledger 101: Cash Debit General Ledger accounts 106: Accounts Receivable Balance Date Debit Credit Bela III Date Credit TI IN 124: Office Supplies Debit Credit 128: Prepaid Insurance Debit Credit Date Balance Date Bala Date 167: Computer Equipment Debit Credit Balance Date 168: Accumulated Depreciation Computer equ Debit Credit Bala 209: Salaries Payable Debit Credit 307: Common Stock Debit Credit Date Balance Date Bala 21 318: Retained Debit Earning 319: Dividends Credit Prey 1 of 1 318: Retained Earnings Debit Credit Date Balance Date 319: Dividends Debit Credit Bala 405: Commissions Earned Debit Date Balance 612: Depreciation Expense-Computer Equipment Date Debit Credit Bala TOET - TTTT m 12 TI 622: Salaries Expense Date N1 Debit 637: Insurance Expenses Debit Credit Credit Date Bal - L 18 TULEE Il Rent Expense Debit Credit 650: Office Supplies Expense Debit Credit Bala 684: Repairs Expense Debit Credit 688: Telephone Expense Debit Credit Balance Be 901: Income Summary Debit Credit Date Balance Pro 10.1 383