1. Two-thirds (or $161) of one months insurance coverage has expired.
2. At the end of the month, $500 of office supplies are still available.
3. This months depreciation on the computer equipment is $500.
4. Employees earned $590 of unpaid and unrecorded salaries as of month-end.
5. The company earned $2,200 of commissions that are not yet billed at month-end.

Required: 1. & 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. 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 prepare the adjusted trial balance. 5a. Prepare the income statement for the month of April 30, 2017. 5b. Prepare the statement of owner's equity for the month of April 30, 2017. 5c. Prepare the balance sheet at April 30, 2017. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance.

On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month 1 Nozomi invested $42,000 cash and computer equipment worth $35,000 in the company 2 The company rented furnished office space by paying $2,500 cash for the first month's (April) rent 3 The company purchased $1,800 of office supplies for cash 10 The company paid $2,900 cash for the premium on a 12-month insurance policy Coverage begins 14 The company paid $1,400 cash forr two weeks 24 The company collected $21,500 cash on commissions from airlines on tickets obtained April on April 11 salaries earned by employees. for customers. 28 The company paid $1,400 cash for two weeks' salaries earned by employees 29 The company paid $550 cash for minor repairs to the company's computer 30 The company paid $1,000 cash for this month's telephone bill 30 Nozomi withdrew $1,900 cash from the company for personal use The company's chart of accounts follows: 101 Cash 405 Commissions Earned 612 Depreciation Expense-Computer Equip 622 Salaries Expense 106 Accounts Receivable 124 office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip. 209 Salaries Payable 301 J. Nozomi, Capital 302 J. Nozomi, Withdrawals 637 Insurance Expense 640 Rent Expense 650 office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary Use the following information