On April 1, Greg Taylor created a new travel agency, Taylor Travel. The following transactions occurred during the companys first month.

April 2	Taylor invested $43,000 cash and computer equipment worth $14,400 in the company in exchange for its common stock.
April 3	The company rented furnished office space by paying $2,300 cash for the first months (April) rent.
April 4	The company purchased $2,200 of office supplies for cash.
April 10	The company paid $3,600 cash for a 12-month insurance policy. Coverage begins on April 11.
April 14	The company paid $1,400 cash for two weeks salaries earned by employees.
April 24	The company collected $18,000 cash for commissions revenue.
April 28	The company paid $1,400 cash for two weeks salaries earned by employees.
April 29	The company paid $500 cash for minor repairs to computer equipment.
April 30	The company paid $650 cash for this months telephone bill.
April 30	The company paid $2,200 cash in dividends.

Information for month-end adjustments follows:

a. Prepaid insurance of $200 expired this month.

b. At the end of the month, $850 of office supplies are still available.

c. This months depreciation on computer equipment is $240.

d. Employees earned $560 of unpaid and unrecorded salaries as of month-end.

e. The company earned $1,780 of commissions revenue that is not yet recorded at month-end.

Journal entry worksheet

1- Taylor invested $43,000 cash and computer equipment worth $14,400 in the company in exchange for its common stock.

2- The company rented furnished office space by paying $2,300 cash for the first month's (April) rent.

3- The company purchased $2,200 of office supplies for cash. The company's policy is to initially record all prepaid and unearned items in balance sheet accounts.

4- The company paid $3,600 cash for a 12-month insurance policy. Coverage begins on April 11. The company's policy is to initially record all prepaid and unearned items in balance sheet accounts.

5- The company paid $1,400 cash for two weeks' salaries earned by employees.

6- The company collected $18,000 cash for commissions revenue.

7- The company paid $1,400 cash for two weeks' salaries earned by employees.

8- The company paid $500 cash for minor repairs to computer equipment.

9- The company paid $650 cash for this month's telephone bill.

10- The company paid $2,200 cash in dividends.

11- Prepaid insurance of $200 expired this month.

12- At month-end, $850 of supplies are still available. Record the required adjusting entry, if any.

13- This month's depreciation on computer equipment is $240. Record the required adjusting entry, if any.

14- Employees earned $560 of unpaid and unrecorded salaries as of month-end. Record the required adjusting entry, if any.

15- The company earned $1,780 of commissions revenue that is not yet recorded at month-end. Record the required adjusting entry, if any.

16- Record the entry to close the revenue account(s).

17- Record the entry to close the expense account(s).

18- Record the entry to close Income summary.

19- Record the entry to close the owner's withdrawals account.

On April 1, Greg Taylor created a new travel agency, Taylor Travel. The following transactions occurred during the company's first month. Aprii 2 Taylor invested $43,000 cash and computer equipment worth $14,480 in the company in exchange for its common stock. April 3 The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. April 4 The company purchased $2,200 of office supplies for cash. April 10 The company paid $3,600 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,400 cash for two weeks' salaries earned by employees. April 24 The company collected $18,000 cash for commissions revenue. April 28 The company paid $1,400 cash for two weeks' salaries earned by employees. April 29 The company paid $500 cash for minor repairs to computer equipment. April 30 The company paid $650 cash for this month's telephone bill. April 30 The company paid $2,200 cash in dividends. Information for month-end adjustments follows: a. Prepaid insurance of $200 expired this month. b. At the end of the month, $850 of office supplies are still available. c. This month's depreciation on computer equipment is $240. d. Employees earned $560 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,780 of commissions revenue that is not yet recorded at month-end. Journal entry worksheet \begin{tabular}{llllllllllll} \hline 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & & 19 \end{tabular} Taylor invested $43,000 cash and computer equipment worth $14,400 in the company in exchange for its common stock. Note: Enter debits before credits