On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 2 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company. April 3 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. April 4 The company purchased $1,000 of office supplies for cash. April 10 The company paid $2,400 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,600 cash for two weeks salaries earned by employees. April 24 The company collected $8,000 cash for commissions revenue. April 28 The company paid $1,600 cash for two weeks' salaries earned by employees. April 29 The company paid $350 cash for minor repairs to computer equipment. April 30 The company paid $750 cash for this month's telephone bill. April 30 Nozomi withdrew $1,500 cash from the company for personal use. The company's chart of accounts follows. 181 Cash 403 Commissions Revenue 186 Accounts Receivable 612 Depreciation Expense-Computer Equipment 124 Office Supplies 622 Salaries Expense 128 Prepaid Insurance 637 Insurance Expense 167 Computer Equipment 640 Rent Expense 168 Accumulated Depreciation-Computer Equipment 650 Office Supplies Expense 209 Salaries Payable 684 Repairs Expense 301 ). Nozomi, Capital 688 Telephone Expense 302 3. Nozomi, Withdrawals 901 Incore Summary 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 Req 6B GL tab. 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 then post to the ledger on Req6B tab, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Req6B GL tab, prepare an adjusted trial balance as of April 30. 5b. Prepare the income statement for the month of April 30. Sc. Prepare the statement of owner's equity for the month of April 30. 5d. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Req 6B GL tab, using April 30 Close as the date. 66. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. 8 Unadjusted Trial Balance April 30 Account Title Dobit Credit $ 27,000 pints 1,000 2,400 20,000 eBook Print References 50,000 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance 167: Computer equipment 168: Accumulated depreciation Computer equipment 209: Salaries payable 301: J. Nozomi, Capital 302: J. Nozomi, Withdrawals 403: Commissions revenue 612 Depreciation expense-Computer equipment 622: Salaries expense 637: Insurance expense 640: Rent expense 650: Office supplies expense 684: Repairs expense 688: Telephone expense Total 1,500 8,000 3,200 1,800 350 750 58,000 $ $ 58,000 Regs and 2 Reg 4 > 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 301: J. Nozomi, Capital 302: J. Nozomi, Withdrawals 403: Commissions revenue 612: Depreciation expense--Computer equipment 622: Salaries expense 637: Insurance expense 640: Rent expense 650: Office supplies expense 684: Repairs expense 688: Telephone expense Total 0 $ 0 ROGER Reg 1 and 2 Reg 3 Req 4 Reg SA Reg 58 Reg SC Heq SD Reg 6A Req 68 GL Req7 Post the journal entries to the ledger. (For April 30, choose the dropdown that most accurately describes the entry) General Ledger accounts Date 101: Cash Debit 30,000 10: Accounts Receivable Debit Credit Credit Date Balance 1,800 1,000 2,400 1,600 April 10 April 14 April 24 April 28 April 29 OOOOO Balance 30,000 28, 200 27 200 24,800 23,200 31,200 29,600 29.250 28,500 27,000 8,000 1,600 350 750 1,500 124: Office Supplies 128: Prepaid Insurance 124: Office Supplies Debit Credit Balance Date Date 128: Prepaid Insurance Debit Credit 2.400 133 April 10 Balance 2,400 2,267 400 (400) 167: Computer Equipment Debit Credit Date Balance 168: Accumulated Depreciation Computer Equipment Date + Debit Credit Balance 500 500 209: Salaries Payable Debit Credit Date Balance Date April 2 301: J. Nozomi, Capital Debit Credit 50,000 2,197 1,500 Balance 50,000 52,197 50,697 302: J. Nozomi. Withdrawals 403: Commissions Revenue E IS atv ng the Accounting Cycle Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate co 650: Office Supplies Expense Debit Credit 684: Repairs Expense Dobit Credit Date Balance Date Balance 688: Telephone Expense Debit Credit 901: Income Summary Debit Credit Date Balance Date Balance Req 1 and 2 Req 3 Reg 4 Reg SA Req 5B Req 5C Reg 50 Reg 6A Reg 6 Prepare a post-closing trial balance. nts ADVENTURE TRAVEL Post-Closing Trial Balance April 30 Account Title Debit Credit Totals 0 $ 0