On April 1, Kathy Perry created a new travel agency, Perry Travel. The following transactions occurred during the companys first month.

April 2Perry invested $45,000 cash and computer equipment worth $22,800 in the company.April 3The company rented furnished office space by paying $2,100 cash for the first months (April) rent.April 4The company purchased $2,200 of office supplies for cash.April 10The company paid $2,160 cash for a 12-month insurance policy. Coverage begins on April 11.April 14The company paid $1,680 cash for two weeks salaries earned by employees.April 24The company collected $14,000 cash for commissions revenue.April 28The company paid $1,680 cash for two weeks salaries earned by employees.April 29The company paid $800 cash for minor repairs to computer equipment.April 30The company paid $650 cash for this months telephone bill.April 30Perry withdrew $1,800 cash from the company for personal use.

Information for month-end adjustments follows:

1. Prepaid insurance of $120 expired this month.
2. At the end of the month, $1,000 of office supplies are still available.
3. This months depreciation on computer equipment is $380.
4. Employees earned $672 of unpaid and unrecorded salaries as of month-end.
5. The company earned $1,820 of commissions revenue that is not yet recorded at month-end.