.............. On April 1, 2018, Rita Griffin created a new travel agency, Griffin Travel. The following transactions occurred during the company's first month.

 

 

Information for month-end adjustments follows:

1. Two-thirds (or $120) of one month's insurance coverage has expired.
2. At the end of the month, $950 of office supplies are still available.
3. This month's depreciation on the computer equipment is $260.
4. Employees earned $672 of unpaid and unrecorded salaries as of month-end.
5. The company earned $1,800 of commissions that are not yet billed at month-end.