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GL0305 (Algo) - Based on Problem 3-5A LO P1, P3, P4, P5, P6 On April 1, Melanie Duerr created a new travel agency, Duerr Travel.

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GL0305 (Algo) - Based on Problem 3-5A LO P1, P3, P4, P5, P6 On April 1, Melanie Duerr created a new travel agency, Duerr Travel. The following transactions occurred during the company's first month. Apri1 2 Duerr invested $43,000 canh and computer equipment worth $21,600 in the conpany in exchange for its common stock. Apri1. 3 The company rented furnished office space by paying $1,900 cash for the first month's (April) rent. April 4 The company purchased $1,800 of office supplies for cash. Apri1 10 The company paid $3,600 cash for a 12 -month insurance policy, Coverage begins on April 11 . April 14 The company paid $1,400 cash for two weeks" salaries earned by employeen. Apri1.24 The company collected $26,000 cash for commissions revenue. xpril 28 The company paid $1,400 cash for two weekn' salaries earned by employees. Apri1 29 The company paid $500 cash for minor repairs to computer equipenent. Apri1 30 The company paid $550 eanh for this month's telephone bill. Apri1 30. The company paid $2,200 cabh in dividende. Information for month-end adjustments follows: a. Prepaid insurance of $200 expired this month. b. At the end of the month, $900 of office supplies are still avallable. c. This month's depreciation on computer equipment is $360. d. Employees earned $560 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. Journal entry worksheet 567819 Duerr invested $43,000 cash and computer equipment worth $21,600 in the company in exchange for its common stock. Note: Enter debits before credits. Journal entry worksheet 567819 The company rented furnished office space by paying $1,900 cash for the first month's (April) rent. Note: Enter debits before credits. Journal entry worksheet 567819 The company purchased $1,800 of office supplies for cash. The company's policy is to initially record all prepaid and unearned items in balance sheet accounts. Note: Enter debits before credits. Journal entry worksheet 567819 The company paid $3,600 cash for a 12-month insurance policy. Coverage begins on April 11 . The company's policy is to initially record all prepaid and unearned items in balance sheet accounts. Note: Enter debits before credits, Journal entry worksheet

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