Problem 3-5A (Static) 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 Nozoni invested $30,000 eash and conputer equipeent vorth $20,000 in the conpany in exchange for fts connon atock. April 3 the conpany reated tarnished office space by paying $1,800 eash for the firat month's (Aprit) rent. Apri1 s The company porehased $1,800 of office nupplies tor canh. Apri1 10 the company paid $2,400 eaeh for a 12-nonth inturance policy. Coverage begine on April 11. April 14 The company paid $1,600 cash for two veeke' salarien oarned by exployees. Apri1 24 The company collected $6,000 canh for cosalssions revenue. Aprit 28 the coepany paid $1,600 canh for two veeke' salariee oarned by amployees. Apri1 29 The conpany paid 5350 canh for minor repaire to coepater equiprent. April 30 the conpany paid 5750 cash for this nonth's telephone bil1. Aprit to the company paid 51,500 cash in dividende. The company's chart of accounts follows. Use the following information to prepare adjusting entries: a. Prepaid insurance of $133 expired this month. b. At the end of the month, $600 of office supplies are still avoilable. c. This month's depreciotion on computer equipment is $500. d. Employees earned $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,750 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 68GL tab. The company records prepoid and unearned items in bolance sheet occounts. 3. Using account balances from Requirement 68GL 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 68GL tab, using April 30 Adjusted as the date. Required: 1. \& 2. Prepare joumal entries to record the transactions for April and post them to ledger accounts in Requirement 68GL tab. The company records prepald 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. 5.. Using adjusted account balances from Requirement 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 retained earnings for the month of April 30 . 5 d. Prepare the balance sheet at April 30 . 6a. Prepare joumal entries to ciose the temporary accounts and then post to Requirement 68GL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance