If somebody could PLEASE help me with this it would be greatly appreciated. I am completely lost from part 3 on. I think I have parts 1 and 2 down, but I’m just at a loss when it comes to creating the tables.
On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company’sfirst month. 1 Nozomi invested $45,933 cash and computer equipment worth $39,696 in the company in exchange for common stock.2 The company rented furnished office space by paying $2,383 cash for the tirst month’s (April) rent.3 The company purchased $1,868 of office supplies for cash. 18 The company paid $2,533 cash for the premium on a 12*month insurance policy. Coverage begins on April 11. 14 The company paid $896 cash for two weeks’ salaries earned by employees. 24 The company collected $16,536 cash on commissions from airlines on tickets obtained for customers. 28 The company paid $899 cash tor two weeks’ salaries earned by employees. 29 The company paid $433 cash For minor repairs to the company’s computer. 38 The company paid $1,333 cash for this month’s telephone bill. 38 The company paid $2,533 cash in dividends. April The company’s chart of accounts follows: 131 Cash 435 Commissions Earned 136 Accounts Receivable 612 Depreciation Expense—Computer Equip.124 Office Supplies 622 Salaries Expense 128 Prepaid Insurance 63? Insurance Expense 167 Computer Equipment 643 Rent Expense 168 Accumulated Depreciation—Computer Equip. 658 Office Supplies Expense 239 Salaries Payable 684 Repairs Expense 337 Common Stock 688 Telephone Expense 318 Retained Earnings 931 Income Summary 319 Dividends Use the following information: a. Two—thirds (or $139) of one month’s insurance coverage has expired. 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 $490 of unpaid and unrecorded salaries as of montheend. e. The company earned $2,250 of commissions that are not yet billed at monthrend. Required: 1. 8. 2. Preparejournal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. Thecompany 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 and post the adjusting entries forthe month and prepare the adjusted trial balance.55. Prepare the income statement for the month of April 30, 2017. 5b. Prepare the statement of retained earnings for the month of April 30, 2017. 5:. Prepare the balance sheet at April 30, 2017. 65. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 61:. Post thejournal entries to the ledger. 7. Prepare a post—closing trial balance.