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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 Adams invested
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, cash and computer equipment worth $13,860 in the company. April 3 The company rented furnished office space by paying $2,200 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 policy. Coverage begins on April 11. April 14 The company paid \$2,10e cash for two weeks' salaries earned by employees. April 24 The company collected $16, cash for commissions revenue. April 28 The company paid $2,160 cash for two weeks' salaries earned by employees. April 29 The company paid $89 cash for minor repairs to computer equipment. April 30 The company paid $60 cash for this month's telephone bill. April 30 Adams withdrew $2,10 cash from the company for personal use. Information for month-end adjustments follows: o. Prepaid insurance of $180 expired this month. b. At the end of the month, $800 of office supplies are still available. c. 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. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet 1 12 13 14 15 Record the entry to close the expense account(s). Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the entry to close the ovner's withdrawals account. Note: Enter debits before credits
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