On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April i Nozomi invested $33,000 cash and computer equipment worth $35,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,800 cash for the first month's (April) rent. 3 The company purchased $1,100 of office supplies for cash. 10 The company paid $2,300 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 $16,000 cash for commissions earned. 28 The company paid $1,500 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 $900 cash for this month's telephone bill. 30 The company paid $1,500 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. 289 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends 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 901 Inconte Summary Use the following information: a. Prepaid Insurance of $128 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 $500. d. Employees earned $410 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. 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. Sc. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 66. Post the journal entries to the ledger 7. Prepare a post-closing trial balance Req 4 Ad) Entries Req 1 and 2 Reg 7 Req 4 Ad) Trial Bal Reg 3 Reg SA Reg 6A Req 5B Reg 5C Req 68 GL Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. ADVENTURE TRAVEL Unadjusted Trial Balance April 30 Account Title Credit Debit 37,050 bk $ 1,100 2,300 35,000 nces 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 expenso 650: Office supplies expense 684: Repairs expense 688: Telephone expense Total 16,000 3,000 2,800 350 900 82,500 $ $ 16,000 Req 4 Adj Entries Req 4 Adj Trial Bal Req 1 and 2 Req 3 Reg 5A Reg 5B Req 5C Req 6A Req 6B GL 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 es 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 expense 650: Office supplies expense 684: Repairs expenso 688: Telephone expense Total 0 $ 0 Req 1 and 2 Req3 Req 4 Adj Entries Req 4 Ad) Trial Bal Reg SA Reg 5B Reg 5C Reg 6A Req 6B GL Reg 7 Prepare the income statement for the month of April 30. ADVENTURE TRAVEL Income Statement For Month Ended April 30 Revenues: Expenses: Total expenses 0 $ 0 Req 1 and 2 Reg 3 Req 4 Adi Entries Req 4 Adj Trial Bal Reg SA Reg 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 0 0 Retained earnings, April 30 $ 0