roblem 3-5A (Algo) Applying the accounting cycle LO P1, P3, P4, P5, P6 April 1. Jiro Nozomi created a new travel agency, Adventure Travel The following transactions occurred during the comparny's fil onth. pril 2 Nozoni invested $48,000 cash and computer equipment worth $25,060 in the company in exchange for its common stock. pri1 3 The company rented furnished office space by paying $2,100 cash for the first month's (Apri1) rent. pri1 4 The company purchased $1,900 of, office supplies for cash. iri1 10 The company paid \$2,340 cash for a 12-month Insurance policy. Coverage begins on Apri111. ril 14 The company paid $1,000 cash for two weeks' salaries earned by employees. ril 24 The company collected $12,590 cash for comalssions revenue. r11 28 The company paid $1,000 cash for two weeks' salaries earned by employees. ri1 29 The company paid $400 cash for minor repairs to computer equipment. ri1 30 The company pald $1,050 cash for this month's telephone bill. iri1 30 The company paid $1,510 cash in dividends. ne company's chart of accounts follows Use the following information to prepare adjusting entries: a. Prepaid insurance of $130 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 $400. d. Employees earned $510 of unpaid and unrecorded salaries as of month-end. e. The company earned \$2,100 of commissions revenue that is not yet recorded at month-end. Required: Required: 1. \& 2 Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 68B. tab. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6B GL tab, prepare an unadjusted trial balance as of April 30 . 4. Joumalize the adjusting entries for the month, and then post to the ledger on Requirement 6B GL tab, using April 30 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 April 30. 5d. Prepare the balance sheet at April 30. 6o. Prepare journal entries to close the temporary accounts and then post to Requirement 6BGL tab, using April 30 Close as the dat 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