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On April 1, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month. Apeil I Naroni invested
On April 1, Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company's first month. Apeil I Naroni invested 536,600 cash and computer equipment worth $30,600 in the coepany in exchange for comon stock. 2 The company rented furnished office space by paying $1, 6e0 cash for the first month's (Aprii) rent. 3 The company purchased $1,790 of office supplies for cash. 18 The company paid \$2,060 cash for the premiun on a 12-month insurance policy. Coverage begins on Apri1 11. 14. The conpany paid \$1, 190 cash for two weeks' salarles earned by eaployees. 24 The company collected 515,500 cash for comeissions earned. 28. The company paid $1,100 cash for two weeks' salaries earned by employees. 29. The company paid stee cash for ainor repairs to the conpany's conpiter. 30. The company paid {1,100 cosh for this month's telephone bill. 30 the company paid $2,100 cosh in dividends. The company's chart of accounts follows: \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Unadjusted Trial Balance } \\ \hline 101: Cash & April 30 \\ \hline 106: Accounts receivable & Debit \\ \hline 124: Office supplies & & \\ \hline 128: Prepaid insurance & & \\ \hline 167: Computer equipment & & \\ \hline 168. Accumulated depreciation-Computer equipment & & \\ \hline 209: Salaries payable & & \\ \hline 307: Common stock & & \\ \hline 318: Retained eamings & & \\ \hline 319: Dividends & & \\ \hline 405: Commissions earned & & \\ \hline 612: Depreciation expense-Computer equipment & & \\ \hline 622: Salaries expense & & \\ \hline 637: Insurance expense & & \\ \hline 640: Rent expense & & \\ \hline 650: Office supplies expense & & \\ \hline 684: Repairs expense & & \\ \hline 688: Telephone expense & & \\ \hline \end{tabular}
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