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. Apri1 2 Wozoml invested $47,000 cash and computer equipment worth $25,000 in the company in exchange for 1 ts comnon stock. April 3 The company rented furnished offlce space by paying $1,800 cash for the firat nonth's (April) rent. Apell 4 The company purehased $1,700 of of fice supplies for cash. Apri1 10 The company paid $2,880 cash for a 12 -month insurance policy. Coverage begina on April 11. April 14 The company paid $800 cash for two weeks salaries earned by employees. April 24 The company collected $11,500 canh for commissions revenue. April 28 The company paid $800 cash tom two weeka' salaries earned by enployees. kpril 29 The company paid $450 cash for minor repairs to coeputer equipnent. April 30 The company paid $1,100 cash tor this month's telephone bili. Aprl1 30 The company paid $1,540 cash in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $160 expired this month. b. At the end of the month, $400 of office supplies are still available. c. This month's depreciation on computer equipment is $500 d. Employees earned $450 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,600 of commissions revenue that is not yet recorded at month-end. Required: 1. \& 2. Prepare journal entries to rocord 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 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 6BGL tab, using April 30 Adjusted as the date. 5a. Using adjusted account balarices from Requirement 6BGL 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 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 date. 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. Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 6BGL tab. The company records prepaid and unearned items in balance sheet accounts