On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company’s first month. April 1 Nozomi invested $32,000 cash and computer equipment worth $30,000 in the company.
2 The company rented furnished office space by paying $1,900 cash for the first month’s (April) rent.
3 The company purchased $1,800 of office supplies for cash.
10 The company paid $2,700 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.
14 The company paid $1,000 cash for two weeks' salaries earned by employees.
24 The company collected $9,000 cash for commissions earned.
28 The company paid $1,000 cash for two weeks' salaries earned by employees.
29 The company paid $400 cash for minor repairs to the company's computer.
30 The company paid $1,350 cash for this month's telephone bill.
30 Nozomi withdrew $2,400 cash from the company for personal use.

The company's chart of accounts follows:

101 Cash 405 Commissions Earned
106 Accounts Receivable 612 Depreciation Expense—Computer Equip.
124 Office Supplies 622 Salaries Expense
128 Prepaid Insurance 637 Insurance Expense
167 Computer Equipment 640 Rent Expense
168 Accumulated Depreciation—Computer Equip. 650 Office Supplies Expense
209 Salaries Payable 684 Repairs Expense
301 J. Nozomi, Capital 688 Telephone Expense
302 J. Nozomi, Withdrawals 901 Income Summary

Use the following information:

Prepaid insurance of $150 has expired this month.
At the end of the month, $500 of office supplies are still available.
This month’s depreciation on the computer equipment is $500.
Employees earned $430 of unpaid and unrecorded salaries as of month-end.
The company earned $1,950 of commissions that are not yet billed at month-end.
Required:
1. & 2. Prepare journal 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.
5a. Prepare the income statement for the month of April 30.
5b. Prepare the statement of owner's equity for the month of April 30.
5c. Prepare the balance sheet at April 30.
6a. 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.