Problem 4-1A (Algo) Applying the accounting cycle LO P2 On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 2 Nozomi invested $31,000 cash and computer equipment worth $20,000 in the company: April 3 The company rented furnished office space by paying $2,700 cash for the first month's (Apri1) rent. April 4 the company purchased $1,800 of office suppiles for cash. April 10 The company paid $2,900 cash for a 12 -month insurance policy. Coverage begins on April 11. Apri1 14 the company paid \$1,300 cash for two weeks salaries earned by eaployees. Apri1 28 The company paid $1,300 cash for two weeks' salaries earned by enployees. Apri1 29 The company paid 3300 cash for minor repnirs to cosputer equipment. Apri1 30 the company paid $1,350 cash for this month's telephone bil1. Apri1 30 Nozomi withdrew $1,600 cash from the conpany for personal use. The company's chart of accounts follows: The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $161 expired this month. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on computer equipment is $300 d. Employees earned $510 of unpaid and unfecorded salaries as of month end. e. The company eamed $1,950 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 Req 6BGL tab. The company records prepaid and unearned items in balance sheet accounts 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30 . 4. Journalize the adjusting entries for the month, and then post to the ledger on Reg 68 tab, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Req 68GL tab, prepare an ad usted trial balance as of April 30 . 5b. Prepare the income statement for the month of April 30 . 5c. Prepare the statement of owner's equity for the month of Aprit 30. 5d. Prepare the balance sheet at April 30 . 6a. Prepare journal entries to close the temporary accounts and then post to Req 68GL 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 Rea 68GL tab. The company records Journal entry worksheet 4 6 7 8 9 10 Nozomi invested $31,000 cash and computer equipment worth $20,000 in the company. Notes Enter debits before eredits. ADVENTURE TRAVEL Unadjusted Trial Balance April 30 Journal entry worksheet Record the required adjusting entry, if any. Prepaid insurance of $161 expired this month. Note: Enter deblts before credits. ADVENTURE TRAVEL Adjusted Trial Balance April 30 \begin{tabular}{|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Account Title } & Debjf & Credit \\ \hline 101: Cash & & & \\ \hline 106: Accounts receivable \\ \hline 124: Office supplies \\ \hline 128: Prepaid insurance & & & \\ \hline 167: Computer equipment & & \\ \hline 168: Accumulated depreciation-Computer equipment & & \\ \hline 209: Salaries payable & & \\ \hline 301: J. Nozomi, Capital & & \\ \hline 302: J. Nozomi, Withdrawals & & \\ \hline 403: Commissions revenue & & & \\ \hline \end{tabular}