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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. Apri1 2 Nozomi invested

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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. Apri1 2 Nozomi invested $42,000 cash and conputer equipment worth $35,000 in the company in exchange for its comnon stock. 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 $1,600 of office supplies for cash. April 10 The company paid $2,700 cash for a 12 -month insurance policy. Coverage begins on April 11. April 14 The company paid $1,6e cash for two weeks' salaries earned by employees. April 24 The company collected $13,500 cash for comnissions revenue. Apri1 28 The company paid $1,800 cash for two veeks' salaries earned by employees. April 29 The company paid $350 cash for minor repairs to computer equipnent. April 30 The company paid $1,150 cash for this month"s telephone bill. April 30 . The company paid $1,530 cash in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $150 explred this month. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on computer equipment is $400. d. Employees earned $360 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,800 of commissions revenue that is not yet recorded at month-end. a. Prepaid insurance of $150 expired this month. b. At the end of the month, $700 of office supplies are still avallable. c. This month's depreciation on computer equipment is $400. d. Employees earned $360 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,800 of commissions revenue that is not yet recorded at month-end. Required: 1. \& 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 68GL. tab. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6BGL 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 6BGL tab, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Requirement 6BGL 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 earnings for the month of April 30. 5d. Prepare the balance sheet at April 30. 6o. Prepare journal entries to close the temporary accounts and then post to Requirement 6BGL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Journal entry worksheet 10 Nozomi invested $42,000 cash and computer equipment worth $35,000 in the company in exchange for its common stock. Note: Enter debits before credits. Journal entry worksheet 8910 The company rented furnished office space by paying $3,000 cash for the first month's (April) rent. Note: Enter debits before credits. Journal entry worksheet 67 The company purchased $1,600 of office supplies for cash. Note: Enter debits before credits. Journal entry worksheet 89 The company paid $2,700 cash for a 12 -month insurance policy. Coverage begins on April 11. Note: Enter debits before credits. Journal entry worksheet 1 The company paid $1,000 cash for two weeks' salaries earned by employees. Note: Enter debits before credits. Journal entry worksheet

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