2 On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. Apr. Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company. 2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. 3 The company purchased $1,000 of office supplies for cash. 10 The company paid $2,400 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,600 cash for two weeks' salaries earned by employees. 24 The company collected $8,000 cash for commissions earned. 28 The company paid $1,600 cash for two weeks' salaries earned by employees. 29 The company paid $350 cash for minor repairs to the company's computer. 30 The company paid $750 cash for this month's telephone bill. 30 Nozomi withdrew $1.500 cash from the company for personal use. The company's chart of accounts follows. 101 Cash 106 Accounts Receivable 124 Office Supplies 405 Commissions Earned 612 Depreciation Expense-Computer Equip Salaries Expense Insurance Expense Rent Expense 622 128 Prepaid Insurance 637 167 Computer Equipment 640 168 Accumulated Depreciation-Computer Equip. 650 Office Supplies Expense 209 Salaries Payable 684 301 J. Nozomi, Capital 688 302 J. Nozomi, Withdrawals 901 Repairs Expense Telephone Expense Income Summary