### Adventure Travel - April Transactions and Ledger Entries#### Transaction Details:**April 1:** - Jiro Nozomi invested $30,000 in cash and computer equipment worth $20,000 in the company in exchange for its common stock.**April 2:**- The company rented furnished office space by paying $1,800 cash for the first month's (April) rent.**April 3:**- The company purchased $1,000 of office supplies for cash.**April 10:**- The company paid $600 cash for premiums on a 12-month insurance policy. Coverage begins on April 11.**April 14:**- The company paid $320 cash for two weeks’ salaries earned by employees.**April 24:**- The company collected $1,500 of previously recorded accounts receivable.**April 28:**- The company paid $350 cash for minor repairs to computer equipment.**April 30:**- The company paid $750 cash for this month’s telephone bill.- The company paid $1,500 cash in dividends.#### Chart of Accounts:- **Assets:** - 101 Cash - 106 Accounts Receivable - 124 Office Supplies - 128 Prepaid Insurance - 167 Computer Equipment- **Liabilities:** - 209 Salaries Payable- **Equity:** - 307 Common Stock - 318 Retained Earnings - 319 Dividends- **Revenues:** - 403 Commissions Revenue- **Expenses:** - 612 Depreciation Expense–Computer Equipment - 622 Salaries Expense - 637 Insurance Expense - 640 Rent Expense - 652 Office Supplies Expense - 655 Repairs Expense - 684 Telephone Expense - 901 Income Summary- **Contra Assets:** - 168 Accumulated Depreciation–Computer Equipment#### Adjusting Entries Information:a. Prepaid insurance of $133 expired this month. b. At the end of the month, $600 of office supplies are still available. c. This month’s depreciation on computer equipment is $50. d. Employees earned $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,750 of commission revenue ### Adventure Travel Financial Records---#### Account Ledger Entries1. **403: Commissions revenue** - **Columns:** - Date - Debit - Credit - Balance2. **612: Depreciation expense—Computer equipment** - **Columns:** - Date - Debit - Credit - Balance3. **622: Salaries expense** - **Columns:** - Date - Debit - Credit - Balance4. **637: Insurance expense** - **Columns:** - Date - Debit - Credit - Balance5. **640: Rent expense** - **Columns:** - Date - Debit - Credit - Balance6. **650: Office supplies expense** - **Columns:** - Date - Debit - Credit - Balance7. **684: Repairs expense** - **Columns:** - Date - Debit - Credit - Balance8. **688: Telephone expense** - **Columns:** - Date - Debit - Credit - Balance9. **901: Income summary** - **Columns:** - Date - Debit - Credit - Balance---#### Post-Closing Trial Balance: Adventure Travel**Date:** April 30- **Columns:** - Account Title - Debit - Credit- **Rows:** (With blank spaces for entries) - [Several lines for input] - Totals: - Debit: $0 - Credit: $0

Ledgers -General Ledgers are T-Shaped Ledgers Accounts prepared for individual Accounts. All the…

On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 2 Nozoni invested $30,000 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 $1,000 of office supplies for cash. April 10 The company paid $2,400 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,600 cash for two weeks' salaries earned by employees. April 24 The company collected $8,000 cash for commissions revenue. April 28 The company paid $1,600 cash for two weeks' salaries earned by employees. April 29 The company paid $350 cash for minor repairs to computer equipment. April 30 The company paid $750 cash for this month's telephone bill. April 30 The company paid $1,500 cash in dividends. The company's chart of accounts follows. 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equipment 209 Salaries Payable 307 Connon Stock 318 Retained Earnings 319 Dividends 403 Commissions Revenue 612 Depreciation Expense-Computer Equipment 622 Salaries Expense 637 Insurance Expense 640 Reat Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Sunary Use the following information to prepare adjusting entries: a. Prepaid insurance of $133 expired this month. b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on 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 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 6B GL tab. The company records prepaid and unearned Items in balance sheet accounts. 3. Using account balances from Requirement 6B GL 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 6B GL tab, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Requirement 68 GL 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 6B GL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Post the journal entries to the ledger. (Select April 30 Adjusted as date for all adjusting entries, and April 30 Close as date for all closing en General Ledger accounts Date Date Date Date Date 101: Cash Debit Credit 124: Office supplies Debit Credit 167: Computer equipment Debit Credit 209: Salaries payable Debit Credit 318: Retained earnings Debit Credit Balance Balance Balance Balance Balance Date Date Date 106: Accounts receivable Debit Date 128: Prepaid Insurance Debit Credit Debit 168: Accumulated depreciation-Computer equipment Date Credit 319: Dividends Debit Credit 307: Common stock Debit Credit Balance Credit Balance Balance Balance Balance