On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the companys first month.

• April 2 Nozomi invested $43,000 cash and computer equipment worth $30,000 in the company in exchange for its common stock.
• April 3 The company rented furnished office space by paying $2,200 cash for the first months (April) rent.
• April 4 The company purchased $1,300 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 $1,500 cash for two weeks' salaries earned by employees.
• April 24 The company collected $11,000 cash for commissions revenue.
• April 28 The company paid $1,500 cash for two weeks' salaries earned by employees.
• April 29 The company paid $500 cash for minor repairs to computer equipment.
• April 30 The company paid $1,550 cash for this month's telephone bill.
• April 30 The company paid $1,550 cash in dividends.

The company's chart of accounts follows:

101 Cash 403 Commissions Revenue

106 Accounts Receivable 612 Depreciation ExpenseComputer Equipment

124 Office Supplies 622 Salaries Expense

128 Prepaid Insurance 637 Insurance Expense

167 Computer Equipment 640 Rent Expense

168 Accumulated DepreciationComputer Equipment 650 Office Supplies Expense

209 Salaries Payable 684 Repairs Expense

307 Common Stock 688 Telephone Expense

318 Retained Earnings 901 Income Summary

319 Dividends

Use the following information to prepare adjusting entries:

1. Prepaid insurance of $150 expired this month.
2. At the end of the month, $600 of office supplies are still available.
3. This months depreciation on computer equipment is $600.
4. Employees earned $540 of unpaid and unrecorded salaries as of month-end.
5. The company earned $2,350 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 6B GL tab. The company records prepaid and unearned items in balance sheet accounts.

3. Using account balances from Requirement 6B GL 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 6B GL tab, using April 30 Adjusted as the date.

5a. Using adjusted account balances from Requirement 6B GL 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.

6a. 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.