On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the companys first month. April 2 Nozomi invested $40,000 cash and computer equipment worth $20,000 in the company. April 3 The company rented furnished office space by paying $2,500 cash for the first months (April) rent. April 4 The company purchased $1,000 of office supplies for cash. April 10 The company paid $2,300 cash for a 12-month insurance policy. Coverage begins on April 11. April 1. Nozomi invested $40,000 cash and computer equipment worth $20,000 in the company.