Problem 3-6A Applying the accounting cycle LO P1, P2, P3, P4, P5 On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $47,000 cash and computer equipment vorth $25,000 in the company in common stock exchange for office space by paying $2,700 cash for the first month's (April) rent. 3 The company purchased $1,200 of office suppiies for cash. 10 The company paid $2,700 cash for the premium on a 12-month insurance policy. Coverage begins on April 14 The company paid $1,800 cash for two veeks' salaries earned by employees. 24 The company collected $17,500 cash on conmissions from airlines on tickets obtained for customers. 28 The company paid $1,800 cash for two weeks' salaries earned by employees. 29 The company paid $450 cash for minor repairs to the company's computer. 30 The company paid $950 cash for this month's telephone bil1. 30 The company paid $1,700 cash in dividends The company's chart of accounts follows: 01 Cash Equip 612 622 Salaries Expense 637 Insurance Expense 640 Rent Expense Prepare the income statement for the month of April 30, 2017. 1 30, 2017 ces Req 1 and 2Req 3 Reg 4 Adj Reg 4 Adj Req 5AReq 5B Req 5C Req 6A ntries Triai BaReg SBReq sC Reg GA Prepare the balance sheet at April 30, 2017. ADVE URE T Balance Sheet il 30, 20117 Total assets Prey April 30, 2017 Total assets Total equity Total liabilities and equity eq 68 Req BA Journal entry worksheet 2 4 Record the entry to close expense account(s). Note: Enter debits before credits. Date Ge April 30 k Prex 8018 . Next Journal entry worksheet 8 3 4 Record the entry to close income summary Note: Enter debits before credits. General Journal Credit April 30 View general journal Prex 8 of 8 Record the entry to close the withdrawals account. I Journal April 30 for that in the date field. Check my wor Bal Bal Date Debit ork Ch3 6 Prepare a post-closing trial balance. 30, 2017 Title Debit nces Totals KReq 6B GL Problem 3-6A Applying the accounting cycle LO P1, P2, P3, P4, P5 On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $47,000 cash and computer equipment vorth $25,000 in the company in common stock exchange for office space by paying $2,700 cash for the first month's (April) rent. 3 The company purchased $1,200 of office suppiies for cash. 10 The company paid $2,700 cash for the premium on a 12-month insurance policy. Coverage begins on April 14 The company paid $1,800 cash for two veeks' salaries earned by employees. 24 The company collected $17,500 cash on conmissions from airlines on tickets obtained for customers. 28 The company paid $1,800 cash for two weeks' salaries earned by employees. 29 The company paid $450 cash for minor repairs to the company's computer. 30 The company paid $950 cash for this month's telephone bil1. 30 The company paid $1,700 cash in dividends The company's chart of accounts follows: 01 Cash Equip 612 622 Salaries Expense 637 Insurance Expense 640 Rent Expense Prepare the income statement for the month of April 30, 2017. 1 30, 2017 ces Req 1 and 2Req 3 Reg 4 Adj Reg 4 Adj Req 5AReq 5B Req 5C Req 6A ntries Triai BaReg SBReq sC Reg GA Prepare the balance sheet at April 30, 2017. ADVE URE T Balance Sheet il 30, 20117 Total assets Prey April 30, 2017 Total assets Total equity Total liabilities and equity eq 68 Req BA Journal entry worksheet 2 4 Record the entry to close expense account(s). Note: Enter debits before credits. Date Ge April 30 k Prex 8018 . Next Journal entry worksheet 8 3 4 Record the entry to close income summary Note: Enter debits before credits. General Journal Credit April 30 View general journal Prex 8 of 8 Record the entry to close the withdrawals account. I Journal April 30 for that in the date field. Check my wor Bal Bal Date Debit ork Ch3 6 Prepare a post-closing trial balance. 30, 2017 Title Debit nces Totals KReq 6B GL