On April 1. Jro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 1 Nozoni invested $37,000 cash and computer equipment worth $20,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,500 cash for the first month's (April) rent. 3 The company purchased $1,800 of office supplies for cash. 10 The company paid $2,100 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,100 cash for two weeks' salaries earned by employees. 24 The company collected $15,500 cash for commissions carned. 28 The company paid $1,100 cash for two weeks' salaries earned by employees. 29 The company paid $300 cash for minor repairs to the company's computer. 30 The company paid $900 cash for this month's telephone bill. 30 The company paid $1,700 cash in dividends. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 405 Commissions Earned Depreciation Expense Computer Equip. 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 16 Accumulated Depreciation "Computer Equip. 209 salarios Payable 307 Common stock 310 Retained Earnings 319 Dividends 650 Office Supplies Expense 684 Repair Expense 689 Telephone Expense 901 Income Summary Use the following information: a. Prepaid insurance of $117 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 $300. d. Employees earned $490 of unpaid and unrecorded salaries as of month-end. e. The company earned $2.150 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 50. 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 Art 30 4. Journa ze the ad usting entries for the month and prepare the ad usted trial balance. Sa. Prepare the income statement for the month of April 30. Sb. Prepare the statement of retained earnings for the month of Apr 30 Sc. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 5b. 6. Post the Journal entries to the ledger 7. Prepare a post-closing trial balance. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Reg1 Reg 3 Reg4 Reg 4 and 2 Adj Adi Trial Rec SA Rec SB Rea SC Reg 6A Red 6B Reo 7 GL Red 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. View transaction list > Journal entry worksheet 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Reg 1 Reg 3 Res 4 Rec 4 and 2 Adj Adi Trial Rec SA Rec SB Rea SC Reg 6A Reg 6B Reo 7 GL Red ? Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. ADVENTURE TRAVEL Unadjusted Trial Balance April 30 Account Title Debit Credit 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance 167: Computer equipment 168: Accumulated depreciation Computer equipment 209: Salarios payable 307: Common stock 318: Retained earnings 319: Dividends 405: Commissions earned 612: Depreciation expense-Computer equipment 822: Salaries expense 637: Insurance expense 840 Rent expense 650: Office supplies expense expense 684: Repairs expense 888 Telechone expense Total SOSO 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Reg 1 Rea 3 Reg 4 Reg 4 Adj Adi Trial Rea SA Rea SB Rec 5C Rec 6A Reg 6B Roz and 2 Reds Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adj. as the date. (Do not round intermediate calculations and round the final answers to nearest whole number.) Show less View transaction list Journal entry worksheet 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Rea 1 Reg 3 Res 4 Reg 4 Adj Adj Trial Rec SA Reg 5B Rea SC Reg 6A Red GB Reo 7 and 2 Adi Adj Trial CIRCA Using adjusted account balances from Requirement 6b, prepare an adjusted trial balance as of April 30. ADVENTURE TRAVEL Adjusted Trial Balance April 30 Account Title Debit Credit 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance 167: Computer equipment 168: Accumulated depreciation Computer equipment 209: Salaries payable 307: Common stock 318: Retained earnings 319: Dividends 405: Commissions earned 612 Depreciation expense-Computer equipment 622: Salaries expense 637: Insurance expense 640: Rent expense 650: Office supplies expense 684: Repairs expense 688: Telephone expense Total 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Real Be3 RecRec 4 and 2 Adjadj Trial Rea SA Req 5B Reg 5C Reg 6A Reg 6B Reg 7 Prepare the income statement for the month of April 30. ADVENTURE TRAVEL Income Statement For Month Ended April 30 Revenues: Expenses: Total expenses 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Reg 1 Reg 3 2 Req 4 Reg 4 and 2 Ad Adj Trial Req 5A Reg 5B Reg 5C Reg 6A Rea 6B Reg 7 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 | S Retained earnings, Aprils 30 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Real Req3 Red 4 Reg 4 and 2 Adi Adj Trial riel Reg SA Reg SB Reg SC Reg 6A Reg 6B Reg 7 Prepare the balance sheet at April 30. ADVENTURE TRAVEL Balance Sheet April 30 Total assets Total equity Total abilities and equity 7. Prepare a post-closing tral balance. Complete this question by entering your answers in the tabs below. Reg 1 Rec 4 Reg 4 and 2 Adj"Adj Trial Rea SA Req SB Rea SC Reg 6A Reg 6B Reg 7 Prepare journal entries to close the temporary accounts and then post to Reg 6B General Ledger, using April 30 Close as the date. View transaction list Journal entry worksheet Prepare a post-cosing bence. Complete this question by entering your answers in the tabs below. Reg4 Reg 4 and 2 Rec 3 Ad Adj Trial Rea SA Reg 5B Reg 5C Reg 6A Red B Reg 7 Post the journal entries to the ledger. General Ledger accounts 101: Cash Debit 106: Accounts Receivable Debit Credit Date Credit Balance Date Balance 124: Office Supplies Debit Credit 128: Prepaid Insurance Debit Credit Date Balance Date Balance 167: Computer Equipment Debit Credit 168: Accumulated Depreciation Computer equipment Date Debit Credit Balance Date Balance 7. Prepare a post-closing tral Dalance. Complete this question by entering your answers in the tabs below. Reg 4 Reg 4 and 2 Req3 Adj Adj Trial Rea SA Req SB Req 5C Reg GA Red B Reg 7 Prepare a post-closing trial balance. ADVENTURE TRAVEL Post-Closing Trial Balance April 30 Account Title Debit Credit