Please only Anwser Reuired Question 3
On April 1, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month April 2 Moroei imvested $38, 0e0 cash and coeputer equipent worth $35,000 in the company in exchange for its comen stock. April 3 The coepany rented furnished office space by paying $1,500 cash for the first month's (Apri1) rent. Aprl1 4 the company purchased $1,200 of office supplies for cash. April to the coepany paid \$2,70e cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,200 cash for two meeks' salaries earned by eeployees. Apri1 24 The coepany collected 512,509 cash for comalissions revenue. April 28 The company paid $1,260 cash far two weeks' salaries earned by employees. April 29 the company paid \$250 cash for minor repairs to coeputer equipment. April 3e the company paid $1, 4ee cash for this month's telephooe bill. April 3e the coopany pald $1,500 cash in dividends. The company's chart of accounts follows Use the following information to prepare adjusting entries 6. Prepuid insurance of $150 expired this month b. At the end of the month. $700 of office supplies are still available c. This month's depreciation on computer equipment is $400. d. Employees earned $570 of unpaid and unrecorded salaries as of month-end. e. The company earned $2.500 of commissions revenue that is not yet recorded at month-end. Required: 1. \& 2. Prepare jooimal entries to record the transactions for April and post them to ledger accounts in Requirement 68 GL tab. The company records prepaid and unearned items in balance sheet accounts 3. Using account balances from Requirement 68. GL tab, prepare an unadjusted triai balance as of Aprit 30 4. Joumalize the adjusting entries for the month. and then post to the ledger on Requitement 6B GL tab, using Aprit 30 Adjusted as the date 56. Using adjusted account balances from Requirement 68GL tab, prepare an adjusted triai balance as of April 30 . 5b. Prepare the:income statement for the month of April 30