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mework Help Sav On April 1, 2017. Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company first month.
mework Help Sav On April 1, 2017. Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company first month. April 1 Noron invested 541,000 cash and computer equipment worth $30,000 in the company. 2 The company rented furnished office space by paying $1,900 cash for the first month's (April) rent. 3 The company purchased $1,600 of office supplies for cash. 10 The company paid $2,000 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,600 cash for two weeks' salaries earned by employees. 24 The company collected $11,000 cash on commissions from airlines on tickets obtained for customers. 28 The company paid $1,600 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 $800 cash for this month's telephone bill. 38 Nozomi withdrew $1,600 cash from the company for personal use. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer 209 Salaries Payable 301 3. Nozomi, Capital 302 Nozomi, Withdrawals 405 Commissions Earned 612 Depreciation Expense-Computer Equip. 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 634 Repairs Expense 683 Telephone Expense 901 Income Summary earch
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