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Need help with this Problem 4-1A Applying the accounting cycle LO C1, C2, P2, P3 On April 1, 2017, Jiro Nozomi created a new travel
Need help with this
Problem 4-1A Applying the accounting cycle LO C1, C2, P2, P3 On April 1, 2017, Jiro Nozomi created a new travel agency. Adventure Travel. The following trensactions occurred during the company's first month April 1 Nozomi inveated 630,000 cash and computer equipnent worth 620,000 in the company. 2 The company rented furnished office space by paying 41.800 cash for the firat montha April) rent 3 The company purchased 1,000 of office supplies for cash. 10 The company paid $2, 400 cash for the premi um on a 12-nonth insurance policy. Coverage begina on April: 11. 14 The company paid $1,600 cash for two weeka aalaries earned by employees- 24 The company collected se, o00 cesh on commuasiona fron airhines on ticketa cbtained for 28 The company paid 1,600 cash for two weeks' salaries earned by employees. 29 The company paid 50 cash for minor repairs to the company's computer. 30 The company paid 4750 cash for this month'a telephone bill 30 Nozomi withdre 41,500 cash from the company for personal use The company's chart of accounts follows 403 Commiasione Earned 101 Cash 106 Accounts Receivable 124 office Supplies 128 Prepaid Insurance 612 Dep eciaeioh Expense Computer Euip 622 Salarie Expense 637 Knsurance Expense 640 Rent Expense Computer Equipment Accumulated Depreciation-Computer6sd orruce supplata Expense 168 684 Repairo Expense 209 Salaries Payable 301 J. Nozomi, Capital 302 J. Nozomi, Withdrawal 6E Telephone Expenae 901 Income
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