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 firs month. April 2 Nozomi invested $38,000 cash and computer equipment worth $25,000 in the company in exchange for its comnon stock. April 3 The company rented furnished office space by paying $2,800 cash for the first month's (April) rent. April 4 The company purchased $1,800 of office supplies for cash. April 10 The company paid $1,980 cash for a 12-nonth insurance policy. Coverage begins on April 11. Aprit 14 The company paid $900 cash for two weeks' salaries earned by employees. April 24 The company collected $11,500 cash for comnissions revenue. April 28 The company paid $900 cash for two weeks' salaries earned by employees. April 29 The company paid $4e0 cash for ainor repairs to computer equipment. April 30 the company paid $850 cash for this month's telephone bill. April 30 The company paid $1,600 cash in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $110 expired this month. b. At the end of the month, $600 of office supplies are still avallable. c. This month's depreciation on computer equipment is $600. d. Employees earned $360 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,200 of commissions revenue that is not yet recorded at month-end. 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 firs month. April 2 Nozomi invested $38,000 cash and computer equipment worth $25,000 in the company in exchange for its comnon stock. April 3 The company rented furnished office space by paying $2,800 cash for the first month's (April) rent. April 4 The company purchased $1,800 of office supplies for cash. April 10 The company paid $1,980 cash for a 12-nonth insurance policy. Coverage begins on April 11. Aprit 14 The company paid $900 cash for two weeks' salaries earned by employees. April 24 The company collected $11,500 cash for comnissions revenue. April 28 The company paid $900 cash for two weeks' salaries earned by employees. April 29 The company paid $4e0 cash for ainor repairs to computer equipment. April 30 the company paid $850 cash for this month's telephone bill. April 30 The company paid $1,600 cash in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $110 expired this month. b. At the end of the month, $600 of office supplies are still avallable. c. This month's depreciation on computer equipment is $600. d. Employees earned $360 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,200 of commissions revenue that is not yet recorded at month-end