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All previous answers are incorrect, thumbs down given to all On April 1, Rita Griffin created a new travel agency, Griffin Travel. The following transactions

All previous answers are incorrect, thumbs down given to all

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On April 1, Rita Griffin created a new travel agency, Griffin Travel. The following transactions occurred during the company's first month. April 2 Griffin invested $45,000 cash and computer equipment worth $15,600 in the company in exchange for its common stock. April 3 The company rented furnished office space by paying $2,500 cash for the first month's (April) rent. April 4 The company purchased $1,200 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 $22,000 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 $400 cash for this month's telephone bill. April 30 The company paid $1,800 cash in dividends. Information for month-end adjustments follows: a. Prepaid insurance of $120 expired this month. b. At the end of the month, $950 of office supplies are still available. c. This month's depreciation on computer equipment is $260. d. Employees earned $672 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,800 of commissions revenue that is not yet recorded at month-end. Answer is not complete. Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. General Ledger Account Data is not available until journal entries have been entered

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