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On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the companys first month. April 1 Nozomi
On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the companys first month.
April | 1 | Nozomi invested $47,000 cash and computer equipment worth $30,000 in the company. | ||
2 | The company rented furnished office space by paying $1,600 cash for the first months (April) rent. | |||
3 | The company purchased $1,400 of office supplies for cash. | |||
10 | The company paid $2,400 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. | |||
14 | The company paid $800 cash for two weeks' salaries earned by employees. | |||
24 | The company collected $10,000 cash on commissions from airlines on tickets obtained for customers. | |||
28 | The company paid $800 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. | |||
30 | Nozomi withdrew $2,100 cash from the company for personal use. |
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