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Please complete journal entry, trial balances , and blance sheet for all questions. On April 1, Jiro Nozomi created a new travel agency, Adventure Travel.

Please complete journal entry, trial balances
, and blance sheet for all questions. image text in transcribed
image text in transcribed
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 2 Nozomi invested $42,000 cash and computer equipmont worth $35,000 in the conpany. April 3 the company rented furnished office apace by paying $1,500 cash for the first month's (Aprii) rent. April 4 The company purchased $1,300 of office supplies for cash. April 10 The company paid $2,900 cash for a 12 -month insurance policy. Coverage begins on Apri1 11. Apri1 14 The company paid $1,500 cash for two weekn' nalaries earned by eeployees. April 24 The company collected $8,500 canh for commissions revenue. April 28 The company paid $1,500 cash for two weeks' nalaries earned by employees. Apri1 29 The company paid $300 eash for minor repairs to computer equipment. ipril 30 The company paid $1,150 cash for thin month's telephone bi11. April 30 Nozomi withdrew $2,300 eash from the company for personal use. a. Prepaid insurance of $161 expired this month. b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on computer equipment is $500. d. Employees eamed $500 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,300 of commissions revenue that is not yet recorded at month-end. Required: 1. \& 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Req 68 GL. tab. 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 then post to the ledger on Req 68 tab, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Req 68GL tab, prepare an adjusted trial balance as of April 30 . 5b. Prepare the income statement for the month of April 30. 5c. Prepare the statement of owner's equity for the month of April 30. 5d. Prepare the balance sheet at April 30 . 6a. Prepare journal entries to close the temporary accounts and then post to Req 68GL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance

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