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general journal, income stamens and balance sheet is needed please. On April 1, 2017, Carlos Sanchez created a new travel agency, Sanchez Travel. The following
general journal, income stamens and balance sheet is needed please.
On April 1, 2017, Carlos Sanchez created a new travel agency, Sanchez Travel. The following transactions occurred during the company's first month. Apr. 1 Sanchez invested $35,000 cash and computer equipment worth $16,800 in the company. Apr. 2 The company rented furnished office space by paying $1,900 cash for the first month's (April) rent. Apr. 3 The company purchased $1,600 of office supplies for cash. Apr. 10 The company paid $2,880 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. Apr. 14 The company paid $1,960 cash for two weeks' salaries earned by employees. Apr. 24 The company collected $26,000 cash on commissions from airlines on tickets obtained for customers. Apr. 28 The company paid $1,960 cash for two weeks' salaries earned by employees. Apr. 29 The company paid $650 cash for minor repairs to the company's computer. Apr. 30 The company paid $500 cash for this month's telephone bill. Apr. 30 Sanchez withdrew $2,000 cash from the company for personal use. Information for month-end adjustments follows: a. Two-thirds (or $160) of one month's insurance coverage has expired. b. At the end of the month, $1,050 of office supplies are still available. c. This month's depreciation on the 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 that are not yet billed at month-endStep by Step Solution
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