On April 1, Jairo nozomi created anew travel agency , adventure travel. The following transactions occurred during the company’s first month April 2 nozomi invested $43,000 cash and computer equipment worth $30,000 in the company
April 3 the company rented furnished office by paying $2700 cash for first month
April 4 the company purchased $1800 of office supplies for cash
April 10 the company paid $2600 cash for 12 month insurance policy
April 14 the company paid $1200 cash for two weeks salaries earned by employees
April 24 the company collected $11000 cash for commissions revenue
April 28 the company paid $1200 cash for two weeks salaries earned by employees
April 29 the company paid $500 cash for minor repairs to computer equipment
April 30 the company paid $1350 cash for this month telephone bill
April 30 the Masonic withdrew $1600 cash from company for personal use

a. Prepaid insurance of $144 expired this month
b. At the end of the month $500 of office supplies are still available
c. This month depreciation on computer equipment is $600
d. Employees earned $560 of unpaid and unrecorded salaries as of month end
E. The company earned $2450 of commissions revenue that is not yet recorded at month end.

1/2.Prepared journal entries to record transactions for April and post them to the ledger accounts. The company records prepaid and unearned items in balance sheet.
3. Prepare an unadjusted trial balance as of April 30.
4. Journalize the adjusting entries for the month, and then post to the ledger, using April 30 adjusted as the date.
5a. Using adjusted account balances, prepare an adjusted trial balance.
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 balance sheet for April 30
6a. Prepare journal entries to close temporary accounts, using April 30 close as the date
6b. Post the journal entries to the ledger.
7. Prepare a post-closing trial balance