On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $31,000 cash and computer equipment worth $35,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $1,700 cash for the first month's (April) rent. 3. The company purchased $2,000 of office supplies for cash. 10 The company paid $2,700 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,200 cash for two weeks' salaries earned by employees. 24 The company collected $12,000 cash for commissions earned. 28 The company paid $1,200 cash for two weeks' salaries earned by employees. 29 The company paid $300 cash for minor repairs to the company's computer. 30 The company paid $1,050 cash for this month's telephone bill. 30 The company paid $2,100 cash in dividends. Ann The company's chart of accounts follows: Use the following information: a. Prepaid insurance of $150 has expired this month. b. At the end of the month, $400 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 $1,600 of commissions that are not yet billed at month-end. Required: 1. & 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. 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 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. 5c. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Reg 1 Req 4 Reg 4 Req3 and 2 Adj Adj Trial Req5A Req 5B Reg 5C Req 6A Rea 68 Reg 7 Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. Credit ADVENTURE TRAVEL Unadjusted Trial Balance April 30 Account Title Debit 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance 167: Computer equipment 168: Accumulated depreciationComputer equipment 209: Salaries payable 307: Common stock 318: Retained earnings 319: Dividends 405: Commissions eamed 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 $ X Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 Reg 3 Req 4 Adj Reg 4 Adj Trial Reg 5A Req 5B Req 5C Reg 6A Reg 6B Rea 7 and 2 Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adj. as the date. (Do not round intermediate calculations and round the final answers to nearest whole number.) Show less No Transaction General Journal Debit Credit Insurance expense Prepaid insurance 2 b. Office supplies expense Office supplies s os os os Depreciation expense-Computer equip. Accumulated depreciationComputer equip d. 4/7 Salaries expense Salaries payable Accounts receivable Commissions earned Complete this question by entering your answers in the tabs below. Req 1 Benz Req3 Req 4 Adj Reg 4 Adj Trial Req 5A Req 5B Reg 5C Reg 6A Rea 68 Req 7 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 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 earings 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 expense 688: Telephone expense Total Complete this question by entering your answers in the tabs below. Req 1 Req 4 Reg 4 and 2 Req3 Adj Adj Trial Req 5A Req 5B Reg 5C Reg 6A Rea 68 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 SO Req 4 Adj Trial Bal Req 5B > Answer is not complete. Complete this question by entering your answers in the tabs below. Reg1 Ben Red 4 Reg 4 and 2 Adj Adj Trial Reg 5A Reg 5B Reg 5C Reg 6A Reg 6B Req7 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 0 Retained earnings, April 0 Req 5A Req 5C > Complete this question by entering your answers in the tabs below. Reg 7 Req 4 Reg 4 and 2 Req3 Adj Adj Trial Req 5A Req 5B Reg 5C Reg 6A Reg 68 Prepare the balance sheet at April 30. ADVENTURE TRAVEL Balance Sheet April 30 Total assets S 0 Total equity Total liabilities and equity 0 0 s Req 5B Req6A > Complete this question by entering your answers in the tabs below. Req 4 Reg 4 and 2 Req3 Adj Adj Trial Req 5A Req 5B Reg 5C Reg 6A Rea 68 Reg 7 Prepare journal entries to close the temporary accounts and then post to Req 6B General Ledger, using April 30 Close as the date. No Date General Journal Debit Credit Date 101: Cash Debit Credit Balance 106: Accounts Receivable Debit Credit Date Balance 124: Office Supplies Debit Credit 128: Prepaid Insurance Debit Credit Date Balance Date Balance 167: Computer Equipment Debit Credit 168: Accumulated DepreciationComputer equipment Date Debit Credit Balance Date Balance 209: Salaries Payable Debit Credit 307: Common Stock Debit Credit Date Balance Date Balance Date 209: Salaries Payable Debit Credit Balance Date 307: Common Stock Debit Credit Balance 318: Retained Earnings Debit Credit 319: Dividends Debit Credit Date Balance Date Balance 405: Commissions Earned Debit Credit 612: Depreciation Expense-Computer Equipment Date Debit Credit Balance Date Balance 622: Salaries Expense Debit Credit 637: Insurance Expense Debit Credit Date Balance Date Balance 640: Rent Expense Debit Credit 650: Office Supplies Expense Date Debit Credit Balance Date Balance 684: Repairs Expense Debit Credit Date Balance Date 688: Telephone Expense Debit Credit Balance 901: Income Summary Debit Credit Date Balance Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Reg 3 Req 7 Req 4 Reg 4 and 2 Req3 Adj Adj Trial Req 5A Req 5B Req 5C Reg 6a Rea 68 Prepare a post-closing trial balance. ADVENTURE TRAVEL Post-Closing Trial Balance April 30 Account Title Debit Credit Totals