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Check my Problem 3-5A Applying the accounting cycle LO P1, P2, P3, P4, P5, P6, P7, P8 On April 1, Jiro Noromi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April Horn Livested 14,000 cash and computer equipment worth $40.000 in the company in exchange for common stock 2 The company rented furnished office space by paying $2,600 for the first month's (April) rent. 3 The company purchased $1,900 ot office supplies for cash. 10 The company paid $2.400 cash for the premium on a 12-month insurance policy. Cover begins on April 11. 14 The company paid $1.100 each for two weeks' salaries earned by employees 24 The company collected $14.500 cash for commissions earned. 21 The company paid $1,100 cash for two weeks" salaries earned by employees 29 The my paid 10 ca i gan to the company computer 10 The y paid 1.450 for the months telephone bill. 30 The company paid $1,500 cash is dividends The company's chart of accounts follows 106 celle 612 Depreciation up 650 Ottice Supplies Use the following formation: a. Prepaid insurance of $133 has expired this month 5 6 8 9 0 WERT of oHulk Use the following information a. Prepaid insurance of $133 has expired this month. b. At the end of the month, $800 of office supplies are still available. C. This month's depreciation on the computer equipment is $400 d. Employees earned $340 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,700 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. 5b. Prepare the statement of retained earnings for the month of April 30. 5c. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 6. 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. Req 1 and 2 Re Re 4 Adj Entries Reg4 Adi Tre Re SA Req 58 Reg SC Reg A Req6B GL Reg 7 Prepare the statement of retained earnings for the month of April 30. (Amounts to be deducted should be entered with a minus sign.) ADVENTURE TRAVEL MacBook Pro ' xcly BMS 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 1 and 2 Ron Req 4 Adj Entries Reg 4 Adi Trial Bal Reg SA Reg 58 Reg SC Reg 6A Req GB GL Reg 7 Prepare the statement of retained earnings for the month of April 30. (Amounts to be deducted should be entered with a minus sign.) ADVENTURE TRAVEL Statement of Retained Earnings For Month Ended April 30 Retained earnings. April 1 0 Retained earings, April 30 $ Reg SA Regsc > MacBook Pro W T Req 1 and 2 Reg 3 Reg 4 Ad) Entries Reg 4 Adj Trial Bal Reg 5A Reg 58 Req SC Reg 6A Reg 68 GL Req7 Prepare the balance sheet at April 30. ADVENTURE TRAVEL Balance Sheet April 30 Total assets Total equity Total liabilities and equity ( 8 Reg GA > MacBook Pro Prepare journai entres to close the temporary accounts ano then post to keq o general Leager, using Apr su LiOS View transaction list 1 Record the entry to close the revenue account(s). 2 Record the entry to close the expense account(s). 3 Record the entry to close the income summary. 4 Record the entry to close the dividends account. Credit Note : - Journal entry has been entered Record entry Clear entry View general journal MacBook Pro 07* 9 H Homework Reg Reg 1 and 2 Reg 4 Ad) Entries Reg 4 Adj Trial Bal Reg SA R eg 58 Reg 68 GL Reg 5C Reg 6A Prepare a post-closing trial balance ADVENTURE TRAVEL Debit 9 ET Credit 21 DI 0 $