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 $47,000 cash and computer equipment worth $40,000 in the company. April 3 The company rented furnished office space by paying $2,700 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 $3,000 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,100 cash for two weeks' salaries earned by employees. April 24 The company collected $9,500 cash for commissions revenue.) April 28 The company paid $1,100 cash for two weeks' salaries earned by employees. April 29 The company paid $350 cash for minor repairs to computer equipment. April 30 The company paid $1,350 cash for this month's telephone bill. April 30 Nozomi withdrew $2,000 cash from the company for personal use. The company's chart of accounts follows: 101 106 Cash Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equipment 403 Commissions Revenue: 612 Depreciation Expense-Computer Equipment 622 Salaries Expense 637 Insurance Expense Rent Expense Office Supplies Expense 684 Repairs Expense 640 650 209 Salaries Payable 301 3. Nozomi, Capital 688 Telephone Expense 302 3. Nozomi, Withdrawals 901 Income Summary Use the following information to prepare adjusting entries: a. Prepaid insurance of $167 expired this month. b. At the end of the month, $700 of office supplies are still available