On April 1, Carlos Sanchez created a new travel agency, Sanchez Travel. The following transactions occurred during the company's first month. April 2 Sancher invested $35,000 cash and computer equipment worth $16,800 in the company in exchange for its common stock. April 3 The company rented furnished office space by paying $1,900 cash for the first month's (April) rent. April 4 The company purchased $1,600 of office supplies for cash. April 10 The company paid $2,880 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,960 cash for two weeks' salaries earned by employees. April 24 The company collected $26,000 cash for commissions revenue. April 28 The company paid $1,960 cash for two weeks' salaries earned by employees. April 29 The company paid $650 cash for minor repairs to computer equipment. April 30 The company paid $500 cash for this month's telephone bill. April 30 The company paid $2,000 cash in dividends. Information for month-end adjustments follows: a. Prepaid insurance of $160 expired this month. b. At the end of the month, $1,050 of office supplies are still available. c. This month's depreciation on computer equipment is $280. d. Employees earned $784 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,820 of commissions revenue that is not yet recorded at month-end. Requirement General Journal General Ledger Trial Balance Income Statement St of Retained Earnings Balance Sheet Post Closing Prepare the required journal entries, adjusting entries, and closing entries for Sanchez Travel. View transaction list Journal entry worksheet