On April 1, Isaac Carter created a new travel agency, Carter Travel. The following transactions occurred during the company's first month. April 2 Carter invested $37,000 cash and computer equipment worth $18,000 in the company in exchange for its common stock. April 3 The company rented furnished office space by paying $2,100 cash for the first month's (April) rent. April 4 The company purchased $2,000 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 $14,000 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 $600 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, $600 of office supplies are still available. c. This month's depreciation on computer equipment is $300. d. Employees earned $560 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,840 of commissions revenue that is not yet recorded at month-end. Journal entry worksheet 1 2 3 4 5 6 7 8 19 Carter invested $37,000 cash and computer equipment worth $18,000 in the company in exchange for its common stock. Note: Enter debits before credits. Date Apr 02 Account Title Debit Credit 7 Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Income Statement St of Retained Balance Sheet Post Closing Earnings You may view either the unadjusted, adjusted, or post-closing trial balance by choosing from the drop-down box below. Your choice will determine the reported values on the financial statement tabs. Unadjusted Total Dates: Apr 01 to: Apr 30 CARTER TRAVEL Trial Balance April 30, 2021 Account Title < General Ledger Income Statement > Debit Credit $ 0 $ 0 Unadjusted Revenues: CARTER TRAVEL Income Statement For Month Ended April 30 Expenses: Unadjusted CARTER TRAVEL Statement of Retained Earnings For Month Ended April 30 Retained earnings, April 1 Retained earnings, April 30 $ 0 Unadjusted CARTER TRAVEL Current assets: Plant assets: Current liabilities: Equity Balance Sheet April 30 ASSETS LIABILITIES AND EQUITY Unadjusted Account Cash Accounts receivable Office supplies Prepaid insurance Computer equipment Accumulated depreciation - Computer equipment Salaries payable Common stock Retained earnings Commissions revenue Depreciation expense - Computer equipment Salaries expense Insurance expense Rent expense Office supplies expense Repairs expense Telephone expense Totals Included on Post-closing trial balance? Type of Account Post-closing Trial Balance Dr. Cr.