Question: Please only Do Requried Question 5B which is Income Statement. Thank You On April 1. Jiro Nozomi created a new travel agency, Adventure Travel. The

Please only Do Requried Question 5B which is Income Statement. Thank You  Please only Do Requried Question 5B which is Income Statement. Thank
You On April 1. Jiro Nozomi created a new travel agency, Adventure

On April 1. Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the comparny's first month. Apri1. 2. Nozoni invested 538 , eed cash and corputer equipnent worth $35, e0e in the conpany in exchange. for its conmon stock. April 3 The company rented furnished office space by paying \$1, see cash for the first month"s. (April) rent. Apri1 4 . The company purchased $1,200 of office supplies for cash. Apri1 10 The company paid 52,790 cash for a 12-month insurance policy. Coverage begins on April 11. Apeil 14 the company paid 51,290 cash for two weeks" salaries earned by enployees. Apri1 24 the cospany collected $12,500 cash for comissions revenue. Apri1 28 The compary paid 51,289 cash for two weeks" salartes earned by enployees. Apri1 29 the conpany paid 5256 cash for minor repairs to conpeter equipent. Apri1 3e The conpany paid $1, 4ee cash for this nonth's telephone bil1. Apri1 3e the company paid 31 , see cash in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $150 expired this month. b. At the end of the month, $700 of office supplies are stili avaliable. c. This month's depreciation on computer equipmert is $400 d. Employees eamed $570 of unpaid and untecorded salaries as of monthend. e. The company eamed $2,500 of commissions revenue that is not yet recorded at month end. Required: 1. \& 2. Prepare joumat entries lo record the transactons for April and post them to ledger accounts in Requirement GB GL tab. The compary records prepaid and unearmed isems in balance sheet accounts. 3. Using account balances from Requirement 6B GL 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 Requlrement. 6B GL tab. using April 30 Adjusted as. the cate So. Using adjusted account balances from Requirement 6B GL rab. prepare ari adjusted trial balance as of April 30. 5b. Prepare the income statement for the month of Aprit 30 : 3c. Prepare the statement of retained eamings for the month of April 30 . 5d. Prepare the balance sheet at April 30 Ge. Prepare joumal entrles to close the temporary accounts and then post to Requrement 6B GL, tab. using April 3D Close as the date. Bb. Post the journal entries to the sedger 7. Prepare a post-closing triat balance Complete this question by entering your answers in the tabs below. Prepare the income itatpment for the month of Apol 30, a. Prepaid insurance of $150 expired this month. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on computer equipment is $400. d. Employees earned $570 of unpaid and unrecorded salaries as of monthend. e. The comparry eamed $2,500 of commissions revenue that is not yet recorded at monthend. Requlred: 1. \& 2. Prepare joumal entries to record the transactions for April and post them to ledger accounts in Requirement 6BGL tab. The company records prepaid and uneamed items in balance sheet accounts. 3. Using account balances from Requirement 6BGL 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 68GL tab, using April 30 Adjusted as the date Sa. Using adjusted account balances from Requirement 6B GL. tab, prepare an adjusted trial balance as of Aprii 30. 56. 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. Go. Prepare joumal entries to close the temporary accounts and then post to Requirement 68GL tab, using April 30 Close as the date Gb. Post the joumal entries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Prepare the income statement for the month of April 30

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