On April 1, Paula Parker created a new travel agency, Parker Travel. The following transactions occurred during the company's first month. April 2 Parker invested $41,000 cash and computer equipment worth $20,400 in the company in exchange for its common stock. April 3 The company rented furnished office space by paying $2,500 cash for the first month's (April) rent. April 4 The company purchased $1,400 of office supplies for cash. April 10 The company paid $2,880 cash for a 12-month insurance policy. Coverage begins on April April 14 The company paid $1,960 cash for two weeks' salaries earned by employees. April 24 The company collected $22,000 cash for commissions revenue. April 28 The company paid $1,960 cash for two weeks' salaries earned by employees. April 29 The company paid $650 cash for minor repairs to computer equipment. April 30 The company paid $450 cash for this month's telephone bill. April 30 The company paid $2,000 cash in dividends. Information for month-end adjustments follows: a. Prepaid insurance of $160 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 $340. d. Employees earned $784 of unpaid and unrecorded salarles as of month-end. e. The company earned $1,780 of commissions revenue that is not yet recorded at month-end. Journal entry worksheet 1 7 At month-end, $800 of supplies are still available. Record the required adjusting entry, if any. Note: Enter debits before credits. Journal entry worksheet 1 11 12 13 14 Record the entry to close the revenue account(s). 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 (1) ,12 13 14 Record the entry to close Income summary. Note: Enter debits before credits. Journal entry worksheet 1 13 14 Record the entry to close the owner's withdrawals account. Note: Enter debits before credits