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my Problem 4-1A Applying the accounting cycle LO C1, C2, P2, P3 On April 1,2017. Jiro Nozomi created a new travel agency, Adv enture Travel.
my Problem 4-1A Applying the accounting cycle LO C1, C2, P2, P3 On April 1,2017. Jiro Nozomi created a new travel agency, Adv enture Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $34,000 cash and computer equipment worth $35, e00 in the company. ny rented furni shed office space by paying 81,900 cash for the first moth's April) rent. 3 The company purchased $1,00 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 $1,800 cash for two weeks' salaries earned by employees 24 The company collected $8,s00 cash on commissions from airlines on tickets obtained for customers. 28 The company paid $1,800 cash for two weeks" salaries earned by employees. 29 The company paid $550 cash for minor repairs to the companyts computer. 30 The company paid $1,058 cash for this month's telephone bill 3e Nozomi withdrew $2,480 cash from the company for personal use The company's chart of accounts follows 181 Cash 186 Accounts Receivable 124 office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip 289 Salaries Payable 301 3. Nozomi, Capital 3e2 3. Nozomi, withdrawals 405 Commissions Earned 612 Depreciation Expense-Computer Equip. 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 658 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary
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