On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. Apri1 2 Nozoni invested $30,600 cash and computer equipment worth $28,600 in the company in exchange for its common stock. April 3 The company rented furnished office space by paying $1,8ee cash for the first month's (Apri1) rent, April 4 The company purchased $1,e83 of office supplies for cash. April 18 The company paid $2,480 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid \$1, 6ee cash for two weeks' salaries earned by employees. April 24 The cospany collected $8,600 cash for comrissions revenue. April 28 The company paid $1,680 cash for two weeks' salaries earned by employees. April 29 The company paid $350 cash for minor repairs to conputer equipment. Apri1 30 the company paid $750 cash for this month's telephone bill. April 30 The company paid $1,500 cash in dividends. Use the following information to prepare adjusting entries: a. Prepaid insurance of $133 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 $500. d. Employees earned $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,750 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. Journailze 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 . 6.. Prepare journal entries to close the temporary accounts and then post to Requirement 6B GL 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 Record the required adjusting entry, if any. Prepaid insurance of $133 expired this month. Note: Enter debits before rredits. Record the required adjusting entry, if any. At the end of the month, $600 of office supplies are still available. Note: Enter debits before credits. Journal entry worksheet Record the required adjusting entry, if any. This month's depreciation on computer equipment is $500. Note: Enter debits before credits. Journal entry worksheet Record the required adjusting entry, if any. Employees earned $420 of unpaid and unrecorded salaries as of month-end. Note: Enter debits before credits. Journal entry worksheet
