On April 1, Jiro Nozomi created a new travel agency, Adventure Travel The following transactions occurred during the company's first month April 1 Noon livested 341,ce cash and computer equipment worth $40, see in the company in exchange for common stack. The company anted furnished office space by paying 31,0 cash for the first month's (April) rent. The company purchased $1.200 of office Supplies for cash 10 The company paid 200 ath for the premium on 12-onth intrance policy. Coverage begins on April 14 The company paid $2.200 wth for two weeks are one by wployees 24 The Company collected $14,00 cash for consons earned 28 The company paso $1,200 cather two weeks aarde warned tyployees 29. The company at 450 cash for Hinor repair to the company como 30 The company, paid $1,35e cash for this month's telephone ball The comory paid 51. Nh Advidend The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 24 Office Supplies 12. Prepaid insurance 16% Computer Equipment The Accumulated Depreciation Computer Equip 209 Salaries Payable Het Stock 218 Retained Earnings bividends Les commissions Earned 612 Depreciation Expense computer Equip 622 salaries Expense 617 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 634 Repairs Expense os telephone pense 91 Income Son Use the following information: a. Prepaid Insurance of $122 has expired this month b. At the end of the month. $500 of office supplies are still available. c. This month's depreciation on the computer equipment is $600. d. Employees earned $440 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,450 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 65. 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, 60. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 66. Post the journal entries to the ledger 7. Prepare a post-closing trial balance. Req 1 and 2 Roy 3 Reg 4 Adj Entries Reg 4 Adj Trial Bal Req 5A Reg SB Req 5C Reg Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 3 ADVENTURE TRAVEL Unadjusted Trial Balance April 30 Account Title 101: Cash 108. Accounts receivable Debit Credit 124: Office supplies 128. Prepaid insurance 107: Computer equipment 108. Accumulated depreciation--Computer equipment 200- Salaries payable 307- Common stock 318: Retained earnings 310: Dividends 405- Commissions earned 612 Depreciation expense-Computer equipment 022- Salaries expense 037 Insurance expense 340: Rent expense 1850: Office Supplies expense 1034: Repas excense 888 Telephone expense Totat Fa 4 Adj Entries> Reg 1 and 2 Reg 3 Req 4Adi Entries Reg 4 Adi Trial Bal Reg SA Reg SB Regs Reg 6 Reg 58 G Reg 2 Journalize the adjusting entries for the month, and then post to the ledger on Req 68 tab, using April 30 Ady as the date. Do not und Intermediate calculations and round the final answers to nearest whole number.) View transaction list Journal entry worksheet C 2 3 5 Prepaid insurance of $122 has expired this month. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal 5c. Prepare the balance sheet at April 30. 68. Prepare journal entries to close the temporary accounts and then post to Requtrement 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. Req 1 and 2 Reg 3 Req 4 Adj Entries Req 4 Adj Trial B ReqSA Req SB Req 5C Req 6A Using adjusted account balances from Requirement 6b, prepare an adjusted trial balance as of Ap Debit Credit ADVENTURE TRAVEL Adjusted Trial Balance April 30 Account Titi 101: Cash 106 Accounts receivable 124: Office supplies 128: Prepaid insurance 167. Computer equipment 188: Accumulated depreciation Computer equipment 209. Salaries payable 307: Common stock 318. Retained earnings 310: Dividends 405 Commissions earned 012 Depreciation expense-Computer equipment 622. Salaries expense 837 Insurance expense 340- Rent expense 650: Office Supplies expense 334 Repairs excoense 388 Telephone expense Total os f Ha Reg 5 at April 30. 60. Prepare journal entries to close the temporary accounts and then post to Requirem 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. Req 1 and 2 Reg 3 Req 4 Adj Entries Reg 4 Adj Trial Bal Req 5A Req 5B Req 5C Prepare the income statement for the month of April 30. ADVENTURE TRAVEL Income Statement For Month Ended April 30 Revenues: Expenses: Total expenses 0 0 Reqi Adj Trial Bal Reg 58 Book used tal balance une Income statement for the month of April 30 5b. Prepare the statement of retained earnings for the month bt April 30. 5c. Prepare the balance sheet at April 30. 60. 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. D Terce Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Ady Entries Req 4 Adj Trial Bal Red SA Reg 5B Reg 50 Rang 6A Reg 66 GL. 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 1 $ 0 0 Retained earnings, April 30 $ 0 5c. Prepare the balance sheet at April 30. 6. 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 and 2 Reg 3 Reg 4 Adi Entries Req 4 Adj Trial Bal Req SA Reg 58 Req 5C Req 6A Prepare the balance sheet at April 30. ADVENTURE TRAVEL Balance Sheet April 30 Total assets 5 0 Tot equity Total abilities and equity Hea Rey 4 Ady Reg4 Ad Rew Reg 6 Post the journal entries to the leger 100 point Det De eBook Heferences 1241 Om Supplies Debit Date Date Det Credit 167: Computer Equipment Debat Credit 160 Accumulated Depreciation Computer Debit Crudit Date Date 205: Salaries Payable Credit 307 Comman och Debit Credit Date Balance Date Prey 1 of 1 Nord 50. Prepare the income statement for the month of April 30, Sb. Prepare the statement of retained earnings for the month of April 30. 5c. Prepare the balance sheet at April 30, 6a. Prepare foumal 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. Req 1 and 2 Req3 Req 4 Adj Entries Req 4 Adj Trial Bal Req 5A Req SB Req 5C Req 6A R Prepare a post-closing trial balance. ADVENTURE TRAVEL Post Closing Trial Balance April 30 Account Title Debit Credit Totals 01$