I cannot figure out what else needs to go into 901: Income Summary section but I do know there is should be something there.

On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the companys first month.

April		1		Nozomi invested $48,000 cash and computer equipment worth $40,000 in the company in exchange for common stock.
		2		The company rented furnished office space by paying $3,000 cash for the first months (April) rent.
		3		The company purchased $1,800 of office supplies for cash.
		10		The company paid $2,500 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.
		14		The company paid $1,100 cash for two weeks' salaries earned by employees.
		24		The company collected $16,500 cash for commissions revenue.
		28		The company paid $1,100 cash for two weeks' salaries earned by employees.
		29		The company paid $300 cash for minor repairs to the company's computer.
		30		The company paid $850 cash for this month's telephone bill.
		30		The company paid $2,100 cash in dividends.

The company's chart of accounts follows:

101	Cash	405	Commissions Revenue
106	Accounts Receivable	612	Depreciation ExpenseComputer Equip.
124	Office Supplies	622	Salaries Expense
128	Prepaid Insurance	637	Insurance Expense
167	Computer Equipment	640	Rent Expense
168	Accumulated DepreciationComputer 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 $139 has expired this month.
2. At the end of the month, $500 of office supplies are still available.
3. This months depreciation on the computer equipment is $300.
4. Employees earned $580 of unpaid and unrecorded salaries as of month-end.
5. The company earned $1,600 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. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance.

Chapter 3 Problems Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does 5 Date April 14 April 28 April 30 Adj. April 30 Close 6 points 622: Salaries Expense Debit Credit 1,100 1,100 580 Balance 139 637: Insurance Expense Debit Credit 139 139 Date April 30 Adj. April 30 Close Balance 1.100 2.200 2,780 OO OOOO 0 2,780 0 Date April 2 April 30 Close 640: Rent Expense Debit Credit 3,000 3,000 Balance 3,000 0 ol 650: Office Supplies Expense Debit Credit 1,300 1,300 Date April 30 Adj. April 30 Close OO Balance 1,300 0 Date 684: Repairs Expense Debit Credit 300 300 Balance 300 688: Telephone Expense Debit Credit 850 April 29 April 30 Close lolo Date April 30 April 30 Close OO Balance 850 0 0 850 901: Income Summary Debit Credit Balance Date April 30 Close April 30 Close April 30 Close OOO