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April 1, 2017, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the compa st month. ril 1 Nozomi
April 1, 2017, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the compa st month. ril 1 Nozomi invested $42,000 cash and computer equipment worth $25,000 in the company. 2 The company rented furnished office space by paying $2,200 cash for the first month's (April) rent. 3 The company purchased $1,100 of office supplies for cash. 10 The company paid $2,600 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,400 cash for two weeks' salaries earned by employees. 24 The company collected $23,500 cash on commissions from airlines on tickets obtained for customers. 28 The company paid $1,400 cash for two weeks' salaries earned by employees. 29 The company paid $500 cash for minor repairs to the company's computer. 30 The company paid $1,500 cash for this month's telephone bill. 30 Nozomi withdrew $1,800 cash from the company for personal use. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip. 405 Commissions Earned 612 Depreciation Expense-Computer Equip. 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense
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