1 03:36:06 On April 1, Leslie Adams created a new travel agency, Adams Travel. The following transactions occurred during the company's first month. April 2 Adans invested $42,000 cash and computer equipment worth $13,800 in the company. April 3 The company rented furnished office space by paying $2,200 cash for the first month's (April) rent. April 4 The company purchased $2,000 of office supplies for cash. April 10 The company paid $3,240 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $2,100 cash for two weeks' salaries earned by employees. April 24 The company collected $16,000 cash for commissions revenue. April 28 The company paid $2,100 cash for two weeks' salaries earned by employees. April 29 The company paid $800 cash for minor repairs to computer equipment. April 30 The company paid $600 cash for this month's telephone bill. April 30 Adams withdrew $2,100 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $180 expired this month. b. At the end of the month, $800 of office supplies are still available. c. This month's depreciation on computer equipment is $230. d. Employees earned $840 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,770 of commissions revenue that is not yet recorded at month-end. D3 Mc Graw Hill Requirement General Journal Generali Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Post Closing Prepare the required journal entries, adjusting entries, and closing entries for Adams Travel. Prav 1 of 1 Next