On April 1, Rita Griffin created a new travel agency, Griffin Travel. The following transactions occurred during the company's first month. Apr. 1 Griffin invested $45,000 cash and computer equipment worth $15,600 in the company. Apr. 2 The company rented furnished office space by paying $2,500 cash for the first month's (April) rent. Apr. 3 The company purchased $1,200 of office supplies for cash. Apr. 10 The company paid $2,160 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. Apr. 14 The company paid $1,680 cash for two weeks' salaries earned by employees. Apr. 24 The company collected $22,000 cash for commissions earned. Apr. 28 The company paid $1,680 cash for two weeks' salaries earned by employees. Apr. 29 The company paid $800 cash for minor repairs to the company's computer. Apr. 30 The company paid $400 cash for this month's telephone bill. Apr. 30 Griffin withdrew $1,800 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $120 has expired this month. b. At the end of the month, $950 of office supplies are still available. c. This month's depreciation on the computer equipment is $260. d. Employees earned $672 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,800 of commissions that are not yet billed at month-end.