Problem $3-5$A $($Algo$)$ Applying the accounting cycle LO P$1,$ P$3,$ P$4,$ P$5,$ P$6$On April $1,$ Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's firstiskippedCash$403$CommissionsRevenue$106$Accounts Receivable$612$Depreciation Expense$-$Computer Equipment$124$Office Supplies$622$Salaries Expense$128$Prepaid Insurance$637$Insurance Expense$167$Computer Equipment$640$Rent Expense$168$Accumulated Depreciation$-$Computer Equipment$650$Office Supplies Expense$209$Salaries Payable$684$Repairs Expense$307$Common Stock$688$Telephone Expense$318$Retained Earnings$901$Income Summary$319$Dividendsmonth.April $2$ Nozomi invested $$47,000$ cash and computer equipment worth $$20,000$ in the company in exchange for its common stock.April $3$ The company rented furnished office space by paying $$1,800$ cash for the first month's $($April$)$ rent.April $4$ The company purchased $$1,200$ of office supplies for cash.April $10$The company paid $$3,060$ cash for a $12-$month insurance policy. Coverage begins on April $11.$April $14$The company paid $$1,100$ cash for two weeks' salaries earned by employees.April $24$The company collected $$11,000$ cash for commissions revenue.April $28$The company paid $$1,100$ cash for two weeks'salaries earned by employees.April $29$The company paid $$300$ cash for minor repairs to computer equipment.April $30$The company paid $$1,350$ cash for this month's telephone bill.April $30$The company paid $$1,510$ cash in dividends.The company's chart of accounts follows:$101$Use the following information to prepare adjusting entries:$*$ Prepaid insurance of $$170$ expired this month.$*$ At the end of the month, $$400$ of office supplies are still available.$*$ This month's depreciation on computer equipment is $$400.*$ Employees earned $$360$ of unpaid and unrecorded salaries as of month$-$end$*$ The company earned $$2,500$ 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 $6$B GL tab. The company records prepaid and unearned items in balance sheet accounts$\mathrm{.}1.$ Using account balances from Requirement $6$B GL tab, prepare an unadjusted trial balance as of April $302.$ Journalize the adjusting entries for the month, and then post to the ledger on Requirement $6$B GL tab, using April $30$ Adjusted as the date.Sa$.$ Using adjusted account balances from Requirement $6$B GL tab, prepare an adjusted trial balance as of April $30\mathrm{.}5$b$.$ Prepare the income statement for the month of April $30\mathrm{.}5$c$.$ Prepare the statement of retained earnings for the month of April $305$d$.$ Prepare the balance sheet at April $306$a$.$ Prepare journal entries to close the temporary accounts and then post to Requirement $6$B GL tab, using April $30$ Close as the date$\mathrm{.}6$b$.$ Post the journal entries to the ledger$\mathrm{.}7.$ Prepare a post$-$closing trial balance

Use the following information to prepare adjusting entries:

a$.$ Prepaid insurance of $$170$ expired this month.

b$.$ At the end of the month, $$400$ of office supplies are still available.

c$.$ This month's depreciation on computer equipment is $$400.$

d$.$ Employees earned $$360$ of unpaid and unrecorded salaries as of month$-$end.

e$.$ The company earned $$2,500$ of commissions revenue that is not yet recorded at month$-$end.

Required:

& $2.$ Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement $6BGL$ tab. The company records prepaid and unearned items in balance sheet accounts.

Using account balances from Requirement $6$B GL tab, prepare an unadjusted trial balance as of April $30.$

Journalize the adjusting entries for the month, and then post to the ledger on Requirement $6$ BGL tab, using April $30$ Adjusted as the date.

$5$a$.$ Using adjusted account balances from Requirement $6$B GL tab, prepare an adjusted trial balance as of April $30.$

$5$b$.$ Prepare the income statement for the month of April $30.$

$5$ c $.$ Prepare the statement of retained earnings for the month of April $30.$

$5$d$.$ Prepare the balance sheet at April $30.$

$6$a$.$ Prepare journal entries to close the temporary accounts and then post to Requirement $6$BGL tab, using April $30$ Close as the date.

$6$ b$.$ Post the journal entries to the ledger.

Prepare a post$-$closing trial balance.

Complete this question by entering your answers in the tabs below.

Use the following information to prepare adjusting entries:

a$.$ Prepaid insurance of $$170$ expired this month.

b$.$ At the end of the month, $$400$ of office supplies are still available.

c$.$ This month's depreciation on computer equipment is $$400.$

d$.$ Employees earned $$360$ of unpaid and unrecorded salaries as of month$-$end.

e$.$ The company earned $$2,500$ of commissions revenue that is not yet recorded at m