On April 1. Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month. Apei1 2 Nozoed invested $30,000 cash and computer equipment worth $20,600 in the coepany in exchange for its conson 5 tock. April 3 The conpany rented furnished office space by paying $1,800 cash for the first month's (Apri1) rent. April 4 The coopany purchased $1,000 of office supplies for cash. Apri1 10 The conpany paid $2,480 cash for a 12 -sonth insurance policy. Coverage begins on Apri1 11. Apell in The coepany paid 51,600 cash for two weeks' salaries earned by enployees. April 24 the company collected $8,000 cash for comissions revenue. Apri1 28 The coepany paid $1,600 cash for two weeks' salaries earned by enployees. Apri1 29 The coopany paid $350 cash fon minor repairs to computer equipment. Apri1 30. The company pasid 5750 cash for this month's telephone bi11. Apri1 30 the company paid $1,500 cash in dividends. Use the following information to prepare adjusting entries: a. Prepaid insurance of $133 expired this month. b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on computer equipment is $500. d. Employees earned $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,750 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 Requirement 68GL tab. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6BGL tab, prepare an unadjusted trial balance as of April 30. 4. Journaize the adjusting entries for the month, and then post to the ledger on Requirement 68GL tab. using Aprit30 Adjusted as the date. 5a. Using adjusted account balances from Requirement 6BGL tab. prepare an adjusted trial balance as of April 30 . 5b. Prepare the income statement for the month of April 30 . 5c. Prepare the statement of retained earnings 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 Requirement 68GL tab, using Aprid 30 close as the date. 6b. Post the joumal entries to the ledger. 7. Prepare o post-closing tirat balance. Req 1 and 2 Req 3 Req 4 Req 5A Req 58 Req 5C Req 50 Req 6A Req 68 GL Post the journal entries to the ledger, (Select April 30 Adjusted as date for all adjusting entries, and April 30 Close as date for all dosing entries.) Prev 1 of 1 ifi Next Prey 1 of 1 III Next