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0.5 points On April 1, Susan Allen created a new travel agency, Allen Travel. The following transactions occurred during the company's first month. April 2

0.5 points On April 1, Susan Allen created a new travel agency, Allen Travel. The following transactions occurred during the company's first month. April 2 Allen invested $34,000 cash and computer equipment worth $16,200 in the company in exchange for its common stock. April 3 The company rented furnished office space by paying $2,600 cash for the first month's (April) rent. April 4 The company purchased $1,400 of office supplies for cash. April 10 The company paid $2,520 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,820 cash for two weeks' salaries earned by employees. April 24 The company collected $24,000 cash for commissions revenue. April 28 The company paid $1,820 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 $450 cash for this month's telephone bill. April 30 The company paid $1,900 cash in dividends. Information for month-end adjustments follows: a. Prepaid insurance of $140 expired this month. b. At the end of the month, $1,000 of office supplies are still available. c. This month's depreciation on computer equipment is $270. d. Employees earned $728 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,810 of commissions revenue that is not yet recorded at month-end

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