16. Record the entry to close the revenue account(s).

17. Record the entry to close the expense account(s).

18. Record the entry to close the Income summary.

On April 1, Jean Clark created a new travel agency, Clark Travel. The following transactions occurred during the company's first month. April 2 Clark invested $33,000 cash and computer equipment worth $8,400 in the company. April 3 The company rented furnished office space by paying \$2,100 cash for the first month's (April) rent. April 4 The company purchased $1,600 of office supplies for cash. April 10 The company paid $2,160 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,680 cash for two weeks' salaries earned by employees. April 24 The company collected $14,000 cash for commissions revenue. April 28 The company paid $1,680 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 $500 cash for this month's telephone bill. April 30 Clark withdrew $1,800 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $120 expired this month. b. At the end of the month, $750 of office supplies are still available. c. This month's depreciation on computer equipment is $140. d. Employees earned $672 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,780 of commissions revenue that is not yet recorded at month-end