On April 1. Jro Nozomi created a new tavel agency. Adventure Travel. The following transactions occuired during the company's first month. Aorit I Nozont invested sas, eoe cash and copouter equspent vorth 125 , ase in the conpony in excharge for curnen stock. 2 The conpany rented furnished office space by paying $2,500 cash for the first nonth's (agril) rent. 3. The cospany purchased s1, 700 of office supp bes for cash. 10 The coepany paid 32 , 6ee cash for the preatiun of a 12-month insurance policy. Coverage begins on appit 11. 14. The conpany paid s1, 7ae cash for two weeks' salaries earned by enployees: 24 The company cotlected s13, eee cash for comissions earned. 28. The coepany paid s1, 7ea cash for two veeks " salaries earned by enpleyees. 29 The coepany paid s4ee cash for minor repairs to the conpany?s conputer. 30. The conpany paid s1, 35e cash for this month's telephone bitl. 30 The company paid $2,100 cash in dividencs. The company/s chart of accounts follows: Use the following information: a. Prepaid insurance of $144 has expired this month. b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on the computer equioment is $400. d. Employees earned $380 of unpaid and unrecorded salaries as of month-end. e. The compary eamed 51,800 of commissions that are not yet billed at monthend. Required: Required: 1.5 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 60 . The company records prepald arva unearned items in bolonce sheet accounts. 3. Using account balances from Requirement 66 , prepare an unadjusted trial bolance as of April 30 . 4. Joumalize 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 eamings for the month of Apei 30 . Sc. Prepare the balance sheet at April 30. 6a. Prepare joumal entries to close the temporary accounts and then post to Requirement 6b. 6b. Post the joumal entries to the ledget. 7. Prepare a post-ciosing trial balance. Complete this question by entering your answers in the tabs below. Prepare fournal entries to record the transactions for April and post them to the ledger accounts in Requirement 66 . The company records prepaid and unearned items in balance sheet accounts. Prepare a post-closing trial balance. Prepare the balance sheet at April 30 . 5c. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accour 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in Prepare the statement of retained earnings for the month minus sign.) Prepare the income statement for the month of April 30
