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help! On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 2 Nozomi
help! On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 2 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company. April 3 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. April 4 The company purchased $1,e0 of office supplies for cash. April 10 The company paid 52,400 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid 51,660 cash for two weeks' sataries earned by enployees. April 24 The company collected $8,000 cash for commissions revenue. April 28 The cempany pald $1,600 cash for two weeks' salaries earned by enployees. April 29 The company paid $350 cash for ninor repairs to conputer equipment. April 30 The company paid $750 cash for this menth's telephone bili. Aprt1 36 Nozomi withdrew $1,506 cash from the company for personal use. The company's chart of accounts follows. Use the following information to prepare adjusting entries: a. Prepaid insurance of $133 expired this month. b. At the end of the month, $600 of office supplies are still available. b. This month's depreciation on computer equipment is $500. d. Employees eamed $420 of unpaid and unrecorded salaries as of month-end e. The company eamed $1,750 of commissions revenue that is not yet recorded at month-end. Note: For April 30, choose the dropdown that most accurately describes the entry
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