On April 1, Jiro Nozomi created a new travel agency, AdventureTravel. The following transactions occurred during the company’sfirst month.

April 1 Nozomi invested $41,000 cash and computer equipmentworth $25,000 in the company in exchange for common stock.

April 2 The company rented furnished office space by paying$2,400 cash for the first month’s (April) rent.

April 3 The company purchased $1,200 of office supplies forcash.

April 10 The company paid $2,400 cash for the premium on a12-month insurance policy. Coverage begins on April 11.

April 14 The company paid $900 cash for two weeks' salariesearned by employees.

April 24 The company collected $15,500 cash for commissionsearned.

April 28 The company paid $900 cash for two weeks' salariesearned by employees.

April 29 The company paid $250 cash for minor repairs to thecompany's computer.

April 30 The company paid $1,350 cash for this month's telephonebill.

April 30 The company paid $1,600 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. Prepaid insurance of $133 has expired this month.
2. At the end of the month, $400 of office supplies are stillavailable.
3. This month’s depreciation on the computer equipment is$400.
4. Employees earned $400 of unpaid and unrecorded salaries as ofmonth-end.
5. The company earned $2,400 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 the adjusting entries for the monthand prepare the adjusted trial balance.
5a. Prepare the income statement for the month ofApril 30.
5b. Prepare the statement of retained earnings forthe month of April 30.
5c. Prepare the balance sheet at April 30.
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.