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Problem 3-5A (Static) Applying the accounting cycle LO P1, P3, P4, P5, P6 On April 1, Jiro Nozomi created a new travel agency. Adventure Travel, The following transactions occurred during the company's first month. April 2 sozoni invented 530,000 cash and computer equipment worth $20,000 in the conpasy in exchange for ita common stoek. Apri1 3 the company rented furniahed offiee space by paying $1,000 cosh for the firat month's (Apei1) rent. April the company parcbased $1,000 of office suppliea for eash. apti1 10 the company paid $2,400 cash for $12-month inasrance policy. Coverspe begins on Apri1 11. April 16 the conpany paid $1,600 cash for two veoks anarias earned by emplojees. April 24 the conpany collected $0,000 eash for comoninsions revenoe. April 210 The eoppany paid $1,600 cash for two weeks' selaries earned by employees. Apri1 is the company pald $350 eash for ninor repairs to coaputer equipent. April 30 the company pald s7so eash for this month's teleptooe bill. Apri1 30 the company paid $1,500 eash in dividexds. The company's chart of occounts follows. Use the following information to prepare adjusting entries: a. Prepaid insurance of $133 explred 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 occount balances from Requirement 6BGLtob,prepareanunadjustedtrialbalanceasofApril30. 4. Journalize the adjusting entries for the month, and then post to the lodger on Requirement 68GL tab, using April 30Adjusted as the date. Sa. 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 April 30. Sd. Prepare the bolance sheet at April 30 . 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6BGL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-ciosing trial balance. Complete this question by entering your answers in the tabs below. Using account balances from Requirement 6BGL tab, prepare an unadjusted trial balance as of April 30. Journal entry worksheet 5 Record the required adjusting entry, if any. Prepaid insurance of $133 expired this month. Note: Enter debits before credits

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