Accounting Cycle Bayou Travel On April 1, 2012, Troy Lambert created a new travel agency called Bayou Travel. The company was organized as a corporation and has a monthly accounting period. The following transactions occurred during the company's first month April 1Lambert invested $32,000 cash and computer equipment worth $24,000 in the company April 2The company rented furnished office space by paying S1,550 cash for the month's (April) rent. The company purchased $2,100 of office supplies for cash Coverage begins on April 11. The company collected S16,000 cash on commissions from airlines on tickets April 3 April 10The company paid $3,000 eash for the premium on a 12-month insurance policy. The company paid $2,300 cash for two-weeks' salaries earned by employees. April 14 April 24 obtained for customers. April 28 The company paid another $2.300 cash for two weeks' salaries earned by employees. April 29 The company paid $700 cash for minor repairs to the company's computer. April 30The company paid $950 cash for this month's telephone bill. April 30 Lambert withdrew $700.00 from the business The company's chart of accounts follows: Cash Accounts Receivable Office Supplies Prepaid Insurance Commissions Earned Depreciation Expense-Computer Equip. Salaries Expense Insurance Expense Rent Expense Office Supplies Expense Equipment Accumulated Depreciation-Computer Equip. Salaries Payable T. Lambert,Capital T. Lambert, Withdrawals Repairs Expense Telephone Expense Income Summary