On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month, April 1 Nozoni invested $43,000 cash and computer equipment worth $30,000 in the company in exchange for common stock. 2. The company rented furnished office space by paying $2,900 cash for the first month's (April) rent. 10 The company paid $2,400 cash for the prentun on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,400 cash for two weeks! salaries earned by employees. 24 The company collected $12,500 cash for commissions earned. 28 The company paid $1,400 cash for two weeks' salaries earned by employees. 29 The company paid see cash for minor repairs to the company's computer. 30 The company paid $1,250 cash for this month's telephone bill. 38 The company paid $2,300 cash in dividends. The company's chart of accounts follows: 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equip. 209 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends 485 Commissions Earned 612 Depreciation Expense-Computer Equip. 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 orfice Supplies Expense 684 Repairs Expense 688 Telephone Expense 981 Income Summary Use the following information: a. Prepaid Insurance of $133 has expired this month b. At the end of the month $700 of office supplies are still available. c. This month's depreciation on the computer equipment is $600. d. Employees earned $590 of unpaid and unrecorded salaries as of month-end. ARARA