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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

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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 $45,000 cash and computer equiponent worth $35,600 in the company in exchange for Its comon stock. April 3 The company rented furnished office space by poying $2,500 cash for the first month's (April) rent. April 4 the company purchased $1,800 of office supplies for cash. Apri1 10. The company poid $2,520 cash for a 12-month insurance poifcy. Coverage begins on Apri1 11. Apeil 14 The company paid 3960 cash for two weeks' solarles earned by employees. Apri1 24 The company collected $11, 0e0 cash for coemissions revenue. Apr11 28 The company paid $900 cash for two weeks' salaries earned by employees. Apri1 20 The company paid 3300 cash for minor repairs to conputer equipment. Aprit so the conpany paid $1,550 cash for this month's teleghone bli1. Use the following information to prepare adjusting entries: a. Prepaid insurance of $140 expired this month. b. At the end of the month, $700 of office supplies are still avallable. c. This month's depreciation on computer equipment is $500 d. Employees earned $310 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,250 of commissions revenue that is not yet recorded at month end. Required: 1. \& 2. Prepare joumal entries to record the transactions for April and post them to ledger accounts in fiequirement 6B GL. tab. The company records prepaid and unearned items in balance sheet accounts 3. Using account balances from Requirement 68GL tab, prepare an unadasted tral balance as of Aptil 30 4. Joumalize the adjusting entries for the month, and then post to the ledger on Requirement 68 GL fas, usind Aprit 30 Adjistind as the date 50. Using adjusted account bolances from Requarement 68 GL tab. prepare an adjueted fial balance of of Apin an 5b. Prepare the income statement for the month of Apn: 30. 5c. Prepore the statement of retained eamings for the month of Apeil 30 5d. Prepare the balance sheet at Apri30. 6b. Post the joumal entries to the ledger. 7. Prepare a post-closing trial balance ourmalize the adjusting entries for the month, and then post to the ledger on Requirement 68Gt tab, using April 30 Adfjosted as the ate. (Do not round intermediate calculations and round the final aniswers to nearest whole number.) Journal entry worksheet Prepald insurance of 5140 expired this month. Record the requirad adjusting entry, if any, 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 $45,000 cash and computer equiponent worth $35,600 in the company in exchange for Its comon stock. April 3 The company rented furnished office space by poying $2,500 cash for the first month's (April) rent. April 4 the company purchased $1,800 of office supplies for cash. Apri1 10. The company poid $2,520 cash for a 12-month insurance poifcy. Coverage begins on Apri1 11. Apeil 14 The company paid 3960 cash for two weeks' solarles earned by employees. Apri1 24 The company collected $11, 0e0 cash for coemissions revenue. Apr11 28 The company paid $900 cash for two weeks' salaries earned by employees. Apri1 20 The company paid 3300 cash for minor repairs to conputer equipment. Aprit so the conpany paid $1,550 cash for this month's teleghone bli1. Use the following information to prepare adjusting entries: a. Prepaid insurance of $140 expired this month. b. At the end of the month, $700 of office supplies are still avallable. c. This month's depreciation on computer equipment is $500 d. Employees earned $310 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,250 of commissions revenue that is not yet recorded at month end. Required: 1. \& 2. Prepare joumal entries to record the transactions for April and post them to ledger accounts in fiequirement 6B GL. tab. The company records prepaid and unearned items in balance sheet accounts 3. Using account balances from Requirement 68GL tab, prepare an unadasted tral balance as of Aptil 30 4. Joumalize the adjusting entries for the month, and then post to the ledger on Requirement 68 GL fas, usind Aprit 30 Adjistind as the date 50. Using adjusted account bolances from Requarement 68 GL tab. prepare an adjueted fial balance of of Apin an 5b. Prepare the income statement for the month of Apn: 30. 5c. Prepore the statement of retained eamings for the month of Apeil 30 5d. Prepare the balance sheet at Apri30. 6b. Post the joumal entries to the ledger. 7. Prepare a post-closing trial balance ourmalize the adjusting entries for the month, and then post to the ledger on Requirement 68Gt tab, using April 30 Adfjosted as the ate. (Do not round intermediate calculations and round the final aniswers to nearest whole number.) Journal entry worksheet Prepald insurance of 5140 expired this month. Record the requirad adjusting entry, if any

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