Problem 4-1A Applying the accounting cycle LO C1, C2, P2, P3 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 Nozoni invested $49,988 cash and computer equipment worth $35,800 in the company 2 The company rented furnished office space by paying $1,50e cash for the first month's (April) rent. 3 The company purchased $1,30e of office supplies for cash. 18 The company paid $2,588 cash for the premium on a 12-month insurance policy. Coverage begins on April 11 14 The company paid $1,200 cash for two weeks salaries earned by employees. 24 The company collected $16,580 cash on conmissions from airlines on tickets obtained for custoners. 28 The company paid $1,20e cash for two weeks salaries earned by employees. 29 The company paid $350 cash for minor repairs to the company's computer. 3e The company paid $85e cash for this month's telephone bill. 3e Nozomi withdrew $2,100 cash from the company for personal use. The company's chart of accounts follows 405 Commissions Earned 612 Depreciation Expense-Computer 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation- Computer Equip 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 658 Office Supplies Expense Equip 684 Repairs Expense 688 Telephone Expense 901 Income Summary 289 Salaries Payable 301 J. Nozomi, Capital 302 . Nozomi, Withdrawals Use the following information a. Two-thirds (or $139) of one month's insurance coverage has expired b. At the end of the month. $700 of office supplies are still available c. This month's depreciation on the computer equipment is $300 d. Employees eamed $440 of unpaid and unrecorded salaries as of month-end. e. The company earned $1.950 of commissions that are not yet billed at month-end Required: 1. & 2. Prepare journal company records prepaid and unearmed 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 prepare the adjusted trial balance Sa. Prepare the income statement for the month of April 30. 2017 %. Prepare the statement of owner's equity for the month of April 30, 2017. 3c. Prepare the balance sheet at April 30. 2017 Ga. Prepare journal entries to close the temporary accounts and then post to Ob. Post the journal entries to the ledger 7. Prepare a post-closing trial balance entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The Requirement 6b