On April 1, 2017, Jiro Nozomi created a new travel agency,Adventure Travel. The following transactions occurred during thecompany’s first month.

April		1		Nozomi invested $31,000 cash and computer equipment worth$40,000 in the company in exchange for common stock.
		2		The company rented furnished office space by paying $2,100 cashfor the first month’s (April) rent.
		3		The company purchased $1,200 of office supplies for cash.
		10		The company paid $2,700 cash for the premium on a 12-monthinsurance policy. Coverage begins on April 11.
		14		The company paid $1,400 cash for two weeks' salaries earned byemployees.
		24		The company collected $20,000 cash on commissions from airlineson tickets obtained for customers.
		28		The company paid $1,400 cash for two weeks' salaries earned byemployees.
		29		The company paid $500 cash for minor repairs to the company'scomputer.
		30		The company paid $750 cash for this month's telephone bill.
		30		The company paid $2,300 cash in dividends.

The company's chart of accounts follows:

101
Cash	405	Commissions Earned
106	Accounts Receivable	612	Depreciation Expense—Computer Equip.
124	Office Supplies	622	Salaries Expense
128	Prepaid Insurance	637	Insurance Expense
167	Computer Equipment	640	Rent Expense
168	Accumulated Depreciation—Computer Equip.	650	Office Supplies Expense
209	Salaries Payable	684	Repairs Expense
307	Common Stock	688	Telephone Expense
318	Retained Earnings	901	Income Summary
319	Dividends

Use the following information:

1. Two-thirds (or $150) of one month’s insurance coverage hasexpired.
2. At the end of the month, $600 of office supplies are stillavailable.
3. This month’s depreciation on the computer equipment is$500.
4. Employees earned $370 of unpaid and unrecorded salaries as ofmonth-end.
5. The company earned $2,300 of commissions that are not yetbilled at month-end.

Required:
1. & 2. Prepare journalentries to record the transactions for April and post them to theledger accounts in Requirement 6b. The company records prepaid andunearned items in balance sheet accounts.
3. Using account balances from Requirement 6b,prepare an unadjusted trial balance as of April 30.
4. Journalize and post the adjusting entries forthe month and prepare the adjusted trial balance.
5a. Prepare the income statement for the month ofApril 30, 2017.
5b. Prepare the statement of retained earnings forthe month of April 30, 2017.
5c. Prepare the balance sheet at April 30,2017.
6a. Prepare journal entries to close the temporaryaccounts and then post to Requirement 6b.
6b. Post the journal entries to the ledger.
7. Prepare a post-closing trial balance.