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. April 2 Nozcai invested $43,000 cash and computer equipment worth $25,600 in the canpany in exchange for its common stock. April 3 The coepany rented furnished office space by paying $1,800 cash for the first month's (April) rent. April 4 The company purchased $1, 800 of, office supplies for cash. Apri1 10 The company paid $2,700 cash for a 12-month insurance policy. Coverage begins on April 11. AprI1 14 The company paid $1,100 cash for two weeks' salaries earned by employees. April 24 The company collected $10, 000 cash for commissfons revenue. Apr 11 28 The company paid $1,100 cash for two weeks' salaries earned by enployees. Apri1 29 The company paid $500 cash for minor repairs to computer equipment. April 3e The coepany paid $1,200 cash for this month's telephone bill. Ape11 30 The company paid 51,520 cash in dividends. Use the following information to prepare adjusting entries: a. Prepaid insurance of $150 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 earned $570 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,400 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 company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6B GL 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 6B GL. tab, using April 30 Adjuste the date. 5o. Using adjusted account balances from Requirement 6B GL 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 retained earnings for the month of Aprit 30. 5d. Prepare the balance sheet at April 30. 6o. Prepare journal entries to close the temporary accounts and then post to Requirement 6B GL tab. using April 30 Close as th 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below