Problem 4-1A Applying the accounting cycle LO C2, P2, P3 On April 1. Miro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 1 Moon Loveted 40,000 cash and computer equipment worth 630,000 in the company 2 The company rented furnished office spaow by payisy $2,100 cash for the first month's (April) rent. The company purchased 61,100 of office supplied for cash 10 The company paid $2,000 cash for the premium on 12-month insurance policy. Coverage begins on April 11 14 The company paid $1,000 cash for two weeket malaries earned by employee 24 The company collected $8,000 cash for communione carned. 28 The company paid 51,000 cash for two weeks' maleries red by employees 29 The company paid $350 cash for minor repair to the company computer 30 The company paid $1,150 cash for this month's telephone biti. 30 Noson withdrew $1,000 cash from the company for personal use. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipent 16# Memilated Depreciation Computer Equip. 209 Galeries Payable 301 J. Noxo, Capital 392 J. Bozom, withdrawals 405 Comissions Earned 612 Depreciation tixpense-Computer Equip. 622 salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expenne 688 Telephone Expense 901 Income Summary Use the following information: a. Prepaid insurance of $111 has expired this month. b. At the end of the month, $500 of office supplies are still available. This month's depreciation on the computer equipment is $500. d. Employees eamed $470 of unpaid and unrecorded salaries as of month-end, e. The company eamed $1850 of commissions that are not yet billed at month-end. Required: 1. & 2. Prepare journal entries to record the transactions for April and part them to the edge accounts in Recrement. The company records prepaid and uneemed toms in bance sheet scoot 3. Using account balances from Redirement 50. prepare an unstad til beness of Art 30 4. Journalize the adjusting entries for the month and requested to be 5a. Prepare the income statement for the month of AA 30 Sb. Prepare the statement of owners out for the month of April 30 Sc. Prepare the balance sheet et Apr 30 6a. Prepare yournal entries to close the temos y accounts and then to Pucurement 6t. 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. Reg 58 Ree 5C Red 6 Reg 68 GL Reg 7 Req 1 and 2 og 3 Red 4 Ad Red 4 Ad Entries Trial Be Red SA Prepare a post-closing trial balance. ADVENTURE TRAVEL Post-Closing Trial Balance April 20 Account Title Debit Credit 0 $ 0 Reg 68 GL