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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 cash and computer equipment worth $21,600 in the company in exchange for its common stock. April 3 The company rented furnished oftice space by paying $1,900 cash for the firat month's (April) rent. April 4 The company purchased $1,800 of office supplies for cash. April 10 the company paid $3,600 cash for a 12 -month insurance pollicy. Coverage begins on April 11. hpri1 14 The company paid $1,400 cash for two week" salarien earned by enployees. April 24 The company collected $26,000 cash for comminnions revenue. hprt1 28 The coepany paid $1,400 cash for two weeks' salaries earned by employees. April 29 The company paid 5500 cash for minor repairs to computer equipment. April 30 The company paid $550 cash for this manth'n telephone bill. Apri1 30 The company paid $2,200 canh in dividends. 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 available. 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. Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection

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