Problem 3-5A (Algo) Applying the accounting cycle LO P1, P3, P4, P5, P6 On April 1, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month, Apr11 2. Nozeni invested $30,000 caph and conputer equiptent worth $25,000 in the conpany in exchange for ita cormon Btock. April 3 the company rented furninhed offiee epace by paying $2,900 caah for the firat ponth's (April) rent. April 4 The conpany purchaned $1,900 of office supplies for cash. Apri1 10 . The conpany paid $3,060 cash for a 12 -month insurasce policy. Coverage beginil on April 11 . April 14 The conpany paid $900 canh for two weekin' salaries earned by enployees. April 24 The conpany collected $12,000 cash for comminaions revenue. Apri1 28 the company paid 5900 cash for two weekn' salarien earned by enployees. April 29 The coapany paid $300 cash for minor repairs to computer equipthent. April 30 The company paid 51,350 cash for this month's telephone bil1. Apri1 30 The company paid $1,580 cauh in dividends. Prepare the income statement for the month of April 30 . Prepare the statement of retained earnings for the month of April ADVENTURE TRAVEL Use the following information to prepare adjusting entries: a. Prepaid insurance of $170 expired this month. b. At the end of the month, $500 of office supplies are still available. c. This month's depreciation on computer equipment is $500. d. Employees earned $390 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,050 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 Requirement 6B GL tab. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6BGL tab, prepare an unadjusted trial balance as of April 30 . 4. Journalize the adjusting entries for the month, and then post to the ledger on Requirement 6BGL tab, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Requirement 6BGL tab, prepare an adjusted trial balance as of April 30. 5b. Prepare the income statement for the month of April 30. 5 c. Prepare the statement of retained earnings 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 Requirement 6BGL tab, using April 30 Close as the dite, 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance