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income statement, statement of owners equity, balance sheet, post closing. please help On April 1, Juan Perez created a new travel agency. Perez Travel. The
income statement, statement of owners equity, balance sheet, post closing. please help
On April 1, Juan Perez created a new travel agency. Perez Travel. The following transactions occurred during the company's first month April 2 Perez invested $39,000 cash and computer equipment worth $12,000 in the company. April 3 The company rented furnished office space by paying $1,900 cash for the first month's (April) rent. Aprill 4 The company purchased $1,400 of office supplies for cash. Aprill 10 The company paid $2,160 cash for a 12-month Insurance policy. Coverage begins on April 11. April 14 The company paid $1,680 cash for two weeks' salaries earned by employees. April 24 The company collected $20,000 cash for commissions revenue April 28 The company paid $1,600 cash for two weeks' salaries earned by employees. April 29 The company paid $800 cash for minor repairs to computer equipment. April 30 The company paid $450 cash for this month's telephone bill. April 30 Perer withdrew $1,800 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $120 expired this month. b. At the end of the month. $650 of office supplies are still available c. This month's depreciation on computer equipment is $200 d. Employees earned $672 of unpaid and unrecorded salaries as of month-end. e. The company earned $1.840 of commissions revenue that is not yet recorded at month-end Step by Step Solution
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