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Problem 3-5A (Algo) Applying the accounting cycle LO P1, P3, P4, P5, P6 On April1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 2 Nozomi invested $37, 0e0 cash and coeputer equipeent worth 520,090 in the company in exchange for its coemon stock. Apri1 3 The company rented furnished office space by paying $1, 800 cash for the first month's (Apri1) rent. April 4 the company purchased $1,4e0 of office supplies for cash. Apri1 10 The company paid 32,130 cash for a 12-month insurance policy. Coverage begins on Apri1 11. Apri1 14 The company paid 51,700 cash for two weeks' salaries earned by esployees. Apri1 24 the company collected $12, e00 cash for comissions revenue. Apri1 28 The coopany paid $1,700 cash for two weeks' salaries earned by exployees. Apri1 29 the compeny paid s450 cash for minor repairs to conputer equipent. Apr11 30 the company paid $1,300 cash for this month's telephone bil1. April 30 The cospany paid 51,520 cash in dividends. The company's chart of accounts follows: The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $160 expired this month b. At the end of the month, $500 of office supplies are still available c. This month's depreciation on computer equipment is $400 d. Employees earned $530 of unpaid and unrecorded salarles as of month-end. e. The company earned $1,700 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 6BGL tab. The Required: 1. \& 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 6BGL rab. The company records prepald and unearned items in balance sheet accounts. 3. Using occount balances from Requirement 68GL tab, prepare an unadjusted trial balance as of April 30 4. Journalize the adjusting entries for the month, and then post to the ledger on Requirement 6BGL tob, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Requirement 68GL 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 6a. Prepare joumal entries to close the temporary accounts and then post to Requirement 6BGL tab, using April 30 Close as the date. 6 . Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Journal entry worksheet Nozomi invested $37,000 cash and computer equipment worth $20,000 in the company in exchange for its common stock. Note: Enter debits before credits. Journal entry worksheet 5678910 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. Note: Enter debits before credits. Journal entry worksheet The company purchased $1,400 of office supplies for cash. Note: Enter debits before credits. Journal entry worksheet