On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 2 Nozomi invested $46,000 cash and computer equipment worth $25,000 in the company in exchange for its common stock. April 3 The company rented furnished office space by paying $2,600 cash for the first month's (April) rent. April 4 The company purchased $1,100 of office supplies for cash. April 10 The company paid $2,340 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $800 cash for two weeks' salaries earned by employees. April 24 The company collected $10,500 cash for commissions revenue. April 28 The company paid $800 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 $1,050 cash for this month's telephone bill. April 30 The company paid $1,520 cash in dividends. The company's chart of accounts follows: 101 Cash 403 106 Accounts Receivable 612 124 Office Supplies 622 128 Prepaid Insurance 637 167 Computer Equipment 640 168 Accumulated Depreciation-Computer Equipment 650 Commissions Revenue Depreciation Expense-Computer Equipment Salaries Expense Insurance Expense Rent Expense Office Supplies Expense 209 Salaries Payable 684 Repairs Expense 307 Common Stock 688 Telephone Expense 318 Retained Earnings 901 Income Summary 319 Dividends