1, 2017, Carolyn Collins created a new travel agency, Collins Travel. The following transactions occurred during the company's first month. Apr. 1 Collins invested $42,000 cash and computer equipment worth $21,000 in the company. y rented furnished office space by paying $2,600 cash for the first month's Apr. 3 The company purchased $1,600 of office supplies for cash Apr. 10 The company paid $3,240 cash for the prem ium on a 12-month insurance policy. Coverage begins on April 11 33) Apr, 14 The company paid $2,100 cash for two weeks' salaries earned by employees ted $24,000 cash on commissions from airlines on tickets obtained for customers. Apr. 28 The company paid $2,18e cash for Apr. 29 The company paid $800 cash for minor repairs to the company's computer. Apr. 30 The company paid $500 cash for this month's telephone bill Apr. 3e collins withdrew $2,1e0 cash from the company for personal use. Information for month-end adjustments follows: a. Two-thirds (or $180) of one month's insurance coverage has expired b. At the end of the month, $850 of office supplies are still available c. This month's depreciation on the computer equipment is $350 d. Employees earned $840 of unpaid and unrecorded salaries as of month-end e. The company earned $1790 of commissions that are not yet billed at month-end Generalenal Balancestatement st Owners Equity Post Closing Balance Sheet Ledger Use the drop downs to select the accounts properly included on the income statement or post-closing . The unadjusted, djusted, balances will appear for each account, based on your selection. 1, 2017, Carolyn Collins created a new travel agency, Collins Travel. The following transactions occurred during the company's first month. Apr. 1 Collins invested $42,000 cash and computer equipment worth $21,000 in the company. y rented furnished office space by paying $2,600 cash for the first month's Apr. 3 The company purchased $1,600 of office supplies for cash Apr. 10 The company paid $3,240 cash for the prem ium on a 12-month insurance policy. Coverage begins on April 11 33) Apr, 14 The company paid $2,100 cash for two weeks' salaries earned by employees ted $24,000 cash on commissions from airlines on tickets obtained for customers. Apr. 28 The company paid $2,18e cash for Apr. 29 The company paid $800 cash for minor repairs to the company's computer. Apr. 30 The company paid $500 cash for this month's telephone bill Apr. 3e collins withdrew $2,1e0 cash from the company for personal use. Information for month-end adjustments follows: a. Two-thirds (or $180) of one month's insurance coverage has expired b. At the end of the month, $850 of office supplies are still available c. This month's depreciation on the computer equipment is $350 d. Employees earned $840 of unpaid and unrecorded salaries as of month-end e. The company earned $1790 of commissions that are not yet billed at month-end Generalenal Balancestatement st Owners Equity Post Closing Balance Sheet Ledger Use the drop downs to select the accounts properly included on the income statement or post-closing . The unadjusted, djusted, balances will appear for each account, based on your selection
