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Help Save & Exit Subs Check my work Problem 3-6A Applying the accounting cycle LO P1, P2, P3, P4, P5 On April 1 2017, Jiro
Help Save & Exit Subs Check my work Problem 3-6A Applying the accounting cycle LO P1, P2, P3, P4, P5 On April 1 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $47,000 cash and computer equipment worth $25,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,700 cash for the first month'a (Aprii) rent. 3 The company purchased $1,200 of office supplies for cash o the coapany paid S2,700 cash for the premium on a 12-month insurance policy. Coverage begins on April 14 The company paid $ 24 The company collected $17,500 cash on commissions from airlines on, tickets 28 The company paid $1,800 cash for two weeks salaries earned by employees. 29 The company paid $450 cash for minor repairs to the company's computer. 30 The company paid $950 cash for this month's telephone bill. 30 The company paid $1,700 cash in dividends. 1,800 cash for two weeks' salaries earned by employees. obtained for custoners. The company's chart of accounts follows: 612 Depreciation Expense-Computer Equip. 106 Accounts Receivable 124 Office Supplies Expense
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