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... On April 1, Leslie Adams created a new travel agency, Adams Travel. The following transactions occurred during the company's first month. April 2
... On April 1, Leslie Adams created a new travel agency, Adams Travel. The following transactions occurred during the company's first month. April 2 Adams invested $42,000 cash and computer equipment worth $13,8e in the company. April The company rented furnished office space by paying 12,200 cash for the first month's (April) rent. April 4 The company purchased $2, of office supplies for cash. April 10 The company paid $3,240 cash for a 12-month insurance polity. Coverage begins on April 11. April 14 The company paid $2,100 cash for two weeks' salaries earned by employees. April 24 The company collected $16, cash for commissions revenue. April 28 The company paid $2,100 cash for two weeks' salaries earned by employees. April 29 The company paid $ cash for mirar repairs to computer equipment. April 30 The company paid $60 cash for this month's telephone bill. April 30 Adams withdrew $2.100 cash from the company for personal use. Information for month-end adjustments follows: Prepaid insurance of $180 expired this month. b. At the end of the month, $800 of office supplies are stril available. e. This month's depreciation on computer equipment is $230 d. Employees earned $840 of unpaid and unrecorded salaries as of month-end e. The company earned $1.770 of commissions revenue that is not yet recorded at month-end. unement General Zoumal General Ledger Trial Balance Income Statemert St Owners Equity Balance Sheet Post Closing The drop downs to select the accounts properly included on the balance sheet. The unadjusted, adjusted, or batinices will appear for each account, based on your selection. ASSETS Current LIABILITIES AND EQUITY $ > 0 0 -
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