Problem 3-5A (Static) Applying the accounting cycle LO P1, P2, P3, P4, P5, P6 On Apri 1. Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month. Apri1 1 Notoni itivested 330,600 cash and coeputer equipnent worth 320,009 in the coepany in exchange for connon stock. Apri1 2 The conpany rented furnished office space by paying 31, 8ee cash for the first month's (Apri1) rent. Apri1 3 the conpany purchased 31, e0e of office supplies for cash. April 10 The company paid 32 , 4ee cash for the preniun on a 12-month insurance policy. Coverage begins on April 11. Aprll 14 The conpany paid $1,600 cash for two weeks' salaries earned by eeployees. April 24 the company collected 38,060 cash for comissions revenue. Apri1 28 The company paid $1,600 cash for two weeks' salarjes earned by employees. Apent 29 the company paid 3130 cash for minor repairs to the conpany's computer. Aperil 30 the company paid s7se eash for this month's telephone bill. Aprit 30 the conpany paid $1,500 cash in dividends. Use the following information: a. Prepaid insurance of $133 has expired this month. b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on the computer equipment is $500. d. Employees earned $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $1.750 of commissions that are not yet billed at month-end. Required: 1. \& 2. Prepare joumal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30 . 4. Journalize the adjusting entries for the month and prepare the adjusted trial balance. So. Prepare the income statement for the month of April 30 3b. Prepare the statement of retained earnings for the month of April 30 . 5c. Prepare the balance sheet at April 30 Go. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 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. Problem 3-5A (Static) Applying the accounting cycle LO P1, P2, P3, P4, P5, P6 On Apri 1. Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month. Apri1 1 Notoni itivested 330,600 cash and coeputer equipnent worth 320,009 in the coepany in exchange for connon stock. Apri1 2 The conpany rented furnished office space by paying 31, 8ee cash for the first month's (Apri1) rent. Apri1 3 the conpany purchased 31, e0e of office supplies for cash. April 10 The company paid 32 , 4ee cash for the preniun on a 12-month insurance policy. Coverage begins on April 11. Aprll 14 The conpany paid $1,600 cash for two weeks' salaries earned by eeployees. April 24 the company collected 38,060 cash for comissions revenue. Apri1 28 The company paid $1,600 cash for two weeks' salarjes earned by employees. Apent 29 the company paid 3130 cash for minor repairs to the conpany's computer. Aperil 30 the company paid s7se eash for this month's telephone bill. Aprit 30 the conpany paid $1,500 cash in dividends. Use the following information: a. Prepaid insurance of $133 has expired this month. b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on the computer equipment is $500. d. Employees earned $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $1.750 of commissions that are not yet billed at month-end. Required: 1. \& 2. Prepare joumal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30 . 4. Journalize the adjusting entries for the month and prepare the adjusted trial balance. So. Prepare the income statement for the month of April 30 3b. Prepare the statement of retained earnings for the month of April 30 . 5c. Prepare the balance sheet at April 30 Go. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 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