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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 $35,000 cash and computer equipment worth $30,080 in the company. April 3. The company rented furnished office space by paying $2,600 cash for the first month's (Apri1) rent. April 4 The company purchased $1,800 of office supplies for cash. April 10 The company paid $2,500 cash for a 12 -month insurance policy. Coverage begins on April 11. Apri1 14 The company paid $1,000 cash for two weoks' salaries earned by employees. April 24 The company collected 512,000 cash for commissions revenue. April 28 The company paid $1,000 cash for two weeks' salaries earned by enployees. Apri1 29. The company paid $250 cash for minor repairs to computer equipment. April 30 The company paid $1,350 cash for this conth's telephone bill. April 30 Nozomi withdrew $2,200 cash from the company for personal use. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $139 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 $300. d. Emplayees earned $360 of unpaid and unrecorded salaries as of month-end. c. The company earned $1,950 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 Req 6BGL tab. The company records prepaid and uneamed items in balance sheet accounts. 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30 . 4. Joumalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using Aprit 30 . Adjusted as the date. 5a. Using adjusted account balances from Req 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 owner's equity 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 Req 68GL tab, using April 30 Close as the date: 6 b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. ADVENTURE TRAVEL Journal entry worksheet Record the required adjusting entry, if any. Prepaid insurance of $139 expired this month. Note: Enter debits before credits. Journal entry worksheet Record the required adjusting entry, if any. At the end of the month, $500 of office supplies are still available. Note: Enter debits before credits. Journal entry worksheet $300. Note: Enter debits before credits. Journal entry worksheet Record the required adjusting entry, if any. Employees earned $360 of unpaid and unrecorded salaries as of month-end. Note: Enter debits before credits. Journal entry worksheet Record the required adjusting entry, if any. The company earned $1,950 of commissions revenue that is not yet recorded at month-end. Note: Enter debits before credits. Prepare the income statement for the month of April 30. Prepare the statement of owner's equity for the month of April 30. Prepare the balance sheet at April 30. Journal entry worksheet Record the entry to close revenue account(s). Note: Enter debits before credits. Journal entry worksheet Record the entry to close expense account(s). Notes Enter debits before credits. Journal entry worksheet Record the entry to close income summary. Note: Enter debits before credies. Journal entry worksheet Record the entry to close the withdrawals account. Note: Enter debits before credits. Post the journal entries to the ledger. (For April 30, choose the dropdown that most accurately describes the entry.) \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{ 124: Oifice Supplies } \\ \hline Date & Debit & Credit & Balance \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{2}{|c|}{} & \multicolumn{2}{c|}{ 209: Salaries Payable } \\ \hline Date & Debit & Credit & Balance \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{633 : Insurance Expense } \\ \hline Date & Dobit & Credit & Balance \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|} \hline \multicolumn{2}{|c|}{ 640: Rent Expense } \\ \hline Date & Debit & Credit & Balance \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{2}{|c|}{ 650: Orfice 5upplies Expense } \\ \hline Date & Debil & Credit & Balance \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{2}{|c|}{ 684: Repairs Expense } & \\ \hline Date & Dobit & \multicolumn{1}{|c|}{ Credit } & Balance \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline \end{tabular}

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