On April 1, Jiro Nozoml created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 2 Nozomi invested $49,000 cash and computer equipment worth $25,000 in the company in exchange for its common stock. April 3 The company rented furnished office space by paying \$2,000 cash for the first month's (April) rent. April 4 The company purchased $1,200 of office supplies for cash. April 10 The company paid $2,880 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 $13,500 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 $1,200 cash for this month's telephone bill. April 30 The company paid $1,500 cash in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepald Insurance of $160 expired this month. b. At the end of the month, $700 of office supplies are still avallable. c. This month's depreclation on computer equipment is $600. d. Employees earned $310 of unpald and unrecorded salarles as of month-end. e. The company earned $1,750 of commissions revenue that is not yet recorded at month-end. Required: 1. \& 2. Prepare journal entrles to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab. The company records prepald and unearned ttems in balance sheet accounts. 3. Using account balances from Requirement 6B GL tab, prepare an unadjusted trial balance as of Aprll 30 . 4. Journalize the adjusting entrles for the month, and then post to the ledger on Requirement 6BGLtab,usingApril30 Adjusted as the date. 5a. Using adjusted account balances from Requirement 6BGL tab, prepare an adjusted trlal balance as of April 30 . 5b. Prepare the income statement for the month of Aprll 30 . 5c. Prepare the statement of retalned earnings for the month of April 30. 5d. Prepare the balance sheet at April 30. 6a. Prepare journal entrles to close the temporary accounts and then post to Requirement 6B GL tab, usIng April 30 Close as the date. 6b. Post the journal entrles to the ledger. 7. Prepare a post-closing trlal balance. Journal entry worksheet Nozomi invested $49,000 cash and computer equipment worth $25,000 in the company in exchange for its common stock. Note: Enter debits before credits. Journal entry worksheet \begin{tabular}{llllll} 5 & 6 & 8 & 9 & 10 \\ \hline \end{tabular} The company rented furnished office space by paying $2,000 cash for the first month's (April) rent. Note: Enter debits before credits. Journal entry worksheet 567 The company purchased $1,200 of office supplies for cash. Note: Enter debits before credits. Journal entry worksheet 89 The company paid $2,880 cash for a 12 -month insurance policy. Coverage begins on April 11. Note: Enter debits before credits. Journal entry worksheet 9 The company paid $1,500 cash for two weeks' salaries earned by employees. Note: Enter debits before credits. Journal entry worksheet
