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Fill out a General Journal April 2 Sanchez invested $35,000 cash and computer equipment worth $16,800 in the company. April 3 The company rented furnished

Fill out a General Journal

April 2 Sanchez invested $35,000 cash and computer equipment worth $16,800 in the company.

April 3 The company rented furnished office space by paying $1,900 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 $2,880 cash for a 12-month insurance policy. Coverage begins on April 11.

April 14

The company paid $1,960 cash for two weeks' salaries made by employees

April 24

The company collected $26,000 cash for commissions revenue

.

April 28

The company paid $1,960 cash for two weeks' salaries made by employees

April 29

The company paid $650 cash for minor repairs to computer equipment.

April 30 The company paid $500 cash for this month's telephone bill.

April 30 Sanchez withdrew $2,000 cash from the company for personal use.

INFORMATION FOR MONTH END ADJUSTMENTD FOLLOWS.
  1. Prepaid insurance of $160 expired this month.
  2. At the end of the month, $1,050 of office supplies are still available.
  3. This month's depreciation on computer equipment is $280.
  4. Employees earned $784 of unpaid and unrecorded salaries as of month-end.
  5. The company earned $1,820 of commissions revenue that is not yet recorded at month-end.

image text in transcribed
On April 1, Carlos Sanchez created a new travel agency, Sanchez Travel. The following transactions occurred during the company's first month. April 2 Sanchez invested $35,000 cash and computer equipent worth $16,800 in the company. April 3 The company rented furnished office space by paying $1,900 cash for the first month's (April) rent. Apri1 4 The company purchased $1,600 of office supplies for cash. April 10 The company paid $2,880 cash for a 12 -month insurance policy. Coverage begins on April 11. April 14 The company paid $1,960 cash for two weeks' salaries earned by employees. April 24 The company collected $26,000 cash for combissions revenue. April 28 The company paid $1,960 cash for two weoks' salaries earned by employees. April 29 The company paid $650 cash for minor repairs to computer equipment. April 30 The company paid $500 cash for this month's telephone bill. Apr11 30 sanchez withdrew $2,000 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $160 expired this month. b. At the end of the month, $1,050 of office supplies are still avallable. c. This month's depreciation on computer equipment is $280. d. Employees earned $784 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,820 of commissions revenue that is not yet recorded at month-end. Prepare the required journal entries, adjusting entries, and closing entries for Sanchez Travel

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