browser=0&launchUrl=https%253A%252F%252Fblackboar Dject 6 On April 1. Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's firs month April 1 Nozomi invested $41,000 cash and computer equipment worth $40,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. 3 The company purchased $1,200 of office supplies for cash. 10 The company paid $2,2ee cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,200 cash for two weeks' salaries earned by employees. 24 The company collected $14, ce cash for commissions earned. 28 The company paid $1,200 cash for two weeks' salaries earned by employees. 29 The company paid 5458 cash for minor repairs to the company's computer. 30 The company paid $1,350 cash for this month's telephone bili 30 The company paid $1,8ee cash in dividends. The company's chart of accounts follows: 181 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation Computer Equip. 203 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends 485 Commissions Earned 612 Depreciation Expense-computer Egoip. 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 981 Income Surnary Use the following information: a. Prepaid Insurance of $122 has expired this month. b. At the end of the month, $500 of office supplies are still available. c. This month's depreciation on the computer equipment is $600 d. Employees earned $440 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,450 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 trtal balance as of Apni 30 4. Journalize the adjusting entries for the month and prepare the adjusted trial balance 50. Prepare the income statement for the month of Apr 30 5b. Prepare the statement of retained earnings for the month of April 30 5c. Prepare the balance sheet at April 30. 6. Prepare journal entries to close the temporary accounts and then post to Requtrement 6b. 6. Post the journal entries to the ledger Prey Req 1 and 2 Reg 3 Req 4 Adj Entries Req 4 Adj Trial Bal Reg SA Reg 5B Reg 5C Re Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April ADVENTURE TRAVEL Unadjusted Trial Balance April 30 Account Title Debit Credit 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance 167: Computer equipment 168: Accumulated depreciation Computer equipment 200: Salaries payable 307: Common stock (318: Retained earnings 310: Dividends 405 Commissions earned 012: Depreciation expense-computer equipment 022: Salaries expense 637: Insurance expense 040: Ront expense 850: Office supplies expense 684 Repair's exoense 1008 Telephone expense Total 3 Regi and 2 RAG Entries browser=0&launchUrl=https%253A%252F%252Fblackboar Dject 6 On April 1. Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's firs month April 1 Nozomi invested $41,000 cash and computer equipment worth $40,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. 3 The company purchased $1,200 of office supplies for cash. 10 The company paid $2,2ee cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,200 cash for two weeks' salaries earned by employees. 24 The company collected $14, ce cash for commissions earned. 28 The company paid $1,200 cash for two weeks' salaries earned by employees. 29 The company paid 5458 cash for minor repairs to the company's computer. 30 The company paid $1,350 cash for this month's telephone bili 30 The company paid $1,8ee cash in dividends. The company's chart of accounts follows: 181 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation Computer Equip. 203 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends 485 Commissions Earned 612 Depreciation Expense-computer Egoip. 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 981 Income Surnary Use the following information: a. Prepaid Insurance of $122 has expired this month. b. At the end of the month, $500 of office supplies are still available. c. This month's depreciation on the computer equipment is $600 d. Employees earned $440 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,450 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 trtal balance as of Apni 30 4. Journalize the adjusting entries for the month and prepare the adjusted trial balance 50. Prepare the income statement for the month of Apr 30 5b. Prepare the statement of retained earnings for the month of April 30 5c. Prepare the balance sheet at April 30. 6. Prepare journal entries to close the temporary accounts and then post to Requtrement 6b. 6. Post the journal entries to the ledger Prey Req 1 and 2 Reg 3 Req 4 Adj Entries Req 4 Adj Trial Bal Reg SA Reg 5B Reg 5C Re Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April ADVENTURE TRAVEL Unadjusted Trial Balance April 30 Account Title Debit Credit 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance 167: Computer equipment 168: Accumulated depreciation Computer equipment 200: Salaries payable 307: Common stock (318: Retained earnings 310: Dividends 405 Commissions earned 012: Depreciation expense-computer equipment 022: Salaries expense 637: Insurance expense 040: Ront expense 850: Office supplies expense 684 Repair's exoense 1008 Telephone expense Total 3 Regi and 2 RAG Entries