Problem 3-5A (Algo) Applying the accounting cycle LO P1, P3, P4, P5, P6 On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. Apri1 2 Nozomi invested $30,000 cash and computer equipent worth $25,000 in the conpany in exchange for its conton April 3 The company rented furnished office space by paying $2,900 caah for the first month's (Apri1) rent. April 4 The company purchased $1,900 of office supplies for cash. Apri1 10 The company paid $3,060 cash for a 12-month insurance policy. Coverage beging on April 11. April 14 The company paid $900 cash for two weeks salaries earned by enployees. hpri1 24 The company collected $12,000 cash for commissione revenue. April 28 . The company paid $900 cash for two weekg' galaries earned by employees. April 29 The coopany paid $300 cash for minor repairs to conputer equipment. April 30 The company paid $1,350 cash for this month's telephone bill. hpril 30 The company paid $1,580 cash in dividende. The company's chart of accounts follows: Use the following information to prepare adjusting entries: Use the following information to prepare adjusting entries: a. Prepaid insurance of $170 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 $500. d. Employees earned $390 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,050 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 company records prepaid and unearned 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 6BGLL tab, 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 journal entries to close the temporary accounts and then post to Requirement 68GL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below