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On April 1, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month. Apr11 2 Nozoml 1nvested

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On April 1, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month. Apr11 2 Nozoml 1nvested $46,000 cash and conputer equipthent worth $25,000 in the company in exchange for its conan stock. Apri1 3 The company rented furnished office space by paying $2,900 cash for the first nonth's (April) rent. Apri1 4 The company purchased $1,600 of office supplies for cash. Apri1. 10 The company paid 51,980 eash for a 12-honth Insurance policy. Coverage begins on April 11 . April 14 The coepany paid $1,100 cash for two weeks' salariea earned by enployees. Apri1 24 The coepany collected $12,500 cash for combisoions revenue. April 26 - The conpany paid $1,100 caah for two weeks' salaries earned by enployees. April 29 The conpany paid $300-cash for minor repairs to conpater equipment. April 30 The company paid $950 cash for this month's telephone bill. Apri1 30 The coinpany paid $1,600 eaah in dividenda. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepoid insurance of $110 expired this month. b. At the end of the month, $800 of office supplies are still avallable. c. This month's depreciation on computer equipment is $600. d. Employees earned $470 of unpoid and unrecorded salaries as of month-end. e. The company earned $2,050 of commissions revenue that is not yet recorded at month-end. ADVENTURE TRAVEL Adjusted Trial Balance Prepare the income statement for the month of April 30. Prepare the statement of retained earnings for the month of April 30. Prepare the balance sheet at April 30

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