MILTON COMPANY ides services to a variety of clients. On April 1, John Milton opened Milton Company. The company prov The company was organized as a corporation and has a monthly accounting period. The following transactions occurred during April. Milton invested $50,000 cash in the company in exchange for its common stock. The company paid $1,500 cash to rent office space for April. The company paid $720 cash for the premium on a six-month insurance policy Coverage begins on April 1. The company performed services for a client and received $3,800 cash. The company purchased $1,780 of supplies on account The company paid $980 cash for salary earned by an employee. The company performed services for a client and received $5,400 cash. The company paid $980 cash for salary earned by an employee. The company paid $480 cash for this month's utility bill The company paid $900 cash in dividends Apr. 1 Apr. 1 Apr. 1 Apr. 4 Apr. 7 Apr. 14 Apr. 24 Apr. 28 Apr. 30 Apr. 30 The company's chart of accounts follows ASSETS REVENUES Service Revenue Cash Supplies Prepaid Insurance EXPENSES Salary Expense Rent Expense Supplies Expense Utilities Expense Insurance Expense LIABILITIES Accounts Payable Salary Payable EQUITY CLEARING Common Stock Retained Earnings Income Summary DIVIDENDS Dividends Adjustment Data 1. As of April 30, $120 of insurance coverage has expired. 2. As of April 30, the company has $849 of supplies remaining. 3. As of April 30, the company has incurred $140 of unpaid and unrecorded salary