On April 1, Jiro Nozomi created a new travel agency Adventure Travel. The following transactions occurred during the company's first month April 1 Nozoni invested $32,000 cash and computer equipment worth $35,000 in the company 2 The company rented furnished office space by paying $2,5ee cash for the first month's (April) rent. 3 The company purchased $1,800 of office supplies for cash! 10 The company paid $2,600 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 $10,500 cash for comissions warned. 28 The company paid $1,200 cash for two weeks! salaries earned by employees 29 The company paid $450 cash for minor repairs to the company's computer. 30. The company paid $850 cash for this month's telephone bill 30 Noson withdrew $2,400 cash from the company for personal use. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 134 Office Supplies 121 Prepaid Incurance 167 Computer Equipment 160 Accumulated Depreciation Computer Equip 305 Solaris Payable 101. Mo, Capital 21. No, Mithdrawals 405 Comissions Earned 612 Depreciation Expense-computer Equip 632 Solaries Expense 637 Insurance Expense 640 tant Expense 50 office Supplies Expense Repairs Expense 68 Telephone Expense 901 ICA Suary Use the following Information o Prepaid insurance of $144 has expired this month b. At the end of the month $700 of office supplies are still available. e. This month's depreciation on the computer equipment is $500 d. Employees earned $440 of unpaid and unrecorded salaries as of 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. 50. Prepare the income statement for the month of April 30, 5b. Prepare the statement of owner's equity for the month of April 30. 5c. Prepare the balance sheet at April 30. 6o. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 65. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. 101 Cash 106 Accounts Receivable 124 Office Supplies 12 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip. 209 Salaries Payable 301 1. Nozoni, Capital 302 3. Nozon, withdrawals 405 Commissions Earned 612 Depreciation Expense-Computer Equip. 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 686 Repairs Expense 688 Telephone Expense 901 Incone Summary Use the following information 0. Prepaid insurance of $144 has expired this month. b. At the end of the month $700 of office supplies are still available, c. This month's depreciation on the computer equipment is $500. d. Employees eamed $440 of unpaid and unrecorded salaries as of month-end, e. The company earned $2.250 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, 5o. Prepare the income statement for the month of April 30 5b. Prepare the statement of owner's equity for the month of April 30. 5c. Prepare the balance sheet at April 30, 6. Prepare journal entries to dose the temporary accounts and then post to Requirement 6b 6b. Post the journal entries to the ledget 7. Prepare a post.cosing till balonce. Complete this question by entering your answers in the thy hunt