On April 1, Robert King created a new travel agency, King Travel. The following transactions occurred during the company's first month Apri1 2 King invested $44,0 cash and computer equipment worth $22,260 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 teonth's (April) rent. April 4 The company purchased $2, eae of office supplies for cash. Apri1 18 The company paid 31, 8ea cash for a 12-month insurance policy. Coverage begins on April 11. Apri1 14 The company paid $1,540 cash for two weeks' salaries earned by employees. Apri1 24 The company collected $12,00 cash for commissions revenue. Apri1 28 The company paid \$1, 549 cash for two weeks' salaries earned by employees. Apri1 29 The company paid $650 cash for minor repairs to computer equipment. April 30 The company paid $608 cash for this month's telephone bill. April 30 the company paid $1,700 cash in dividends. Information for month-end adjustments follows: a. Prepaid insurance of $100 expired this month. b. At the end of the month, $950 of office supplies are still avallable. c. This month's depreciation on computer equipment is $370. d. Employees earned $616 of unpaid and unrecorded salaries as of month-end e. The company earned $1,810 of commissions revenue that is not yet recorded at month-end. Answer is not complete. Prepare the required journal entries, adjusting entries, and closing entries for King Travel. April 14 The company paid $1,$40 cash for two weeks' salaries earned by employees. April 24 The company collected $12,0 cash for commissions revenue. April 28 The company paid $1,540 cash for two weeks' salaries earned by employees. April 29 The company paid $650 cash for minor repairs to computer equipment. April 30 The company paid $60e cash for this month's telephone bill. April 30 The company paid $1,7e cash in dividends. Information for month-end adjustments follows: a. Prepaid insurance of $100 expired this month. b. At the end of the month, $950 of office supplies are still avallable. c. This month's depreciation on computer equipment is $370. d. Employees earned $616 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,810 of commissions revenue that is not yet recorded at month-end. Answer is not complete. Each joumal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not ind a. Prepaid insurance of $100 expired this month. b. At the end of the month, $950 of office supplies are still available. c. This month's depreciation on computer equipment is $370. d. Employees earned $616 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,810 of commissions revenue that is not yet recorded at month-end. Answer is not complete. You may view either the unadjusted, adjusted, or post-closing trial balance by choosing from the drop-down box below. Your choice will determine the reported values on the financial statement tabs. Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. a. Prepaid insurance of $100 expired this month. b. At the end of the month, $950 of office supplies are still avallable. c. This month's depreciation on computer equipment is $370. d. Employees earned $616 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,810 of commissions revenue that is not yet recorded at month-end. Answer is not complete. The unadjusted or adjusted balances will appear for each account, based on your selection. Note: Selecting Post-Closing will only display ending capital. post-closing balances will appear for each account, based on your selection. whether the account is included on the post-closing trial balance. Based on your decisions, the post-closing trial balance will be created. Compare your results with the Trial Balance tab