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

April 2	Lewis invested $35,000 cash and computer equipment worth $9,600 in the company in exchange for its common stock.
April 3	The company rented furnished office space by paying $2,300 cash for the first months (April) rent.
April 4	The company purchased $2,000 of office supplies for cash.
April 10	The company paid $2,880 cash for a 12-month insurance policy. Coverage begins on April 11.
April 14	The company paid $1,960 cash for two weeks salaries earned by employees.
April 24	The company collected $18,000 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 $600 cash for this months telephone bill.
April 30	The company paid $2,000 cash in dividends.

Information for month-end adjustments follows:

Prepaid insurance of $160 expired this month.

At the end of the month, $850 of office supplies are still available.

This months depreciation on computer equipment is $160.

Employees earned $784 of unpaid and unrecorded salaries as of month-end.

The company earned $1,800 of commissions revenue that is not yet recorded at month-end.

Adjusted

LEWIS TRAVEL
Income Statement
For Month Ended April 30
Revenues:
	$0
	0
Expenses:
	0
	0
	0
	0
	0
	0
	0
	0
Net income		$0

Adjusted

LEWIS TRAVEL
Balance Sheet
April 30
ASSETS
Current assets:
	$0
	0
	0
	0
	0
Plant assets:
LIABILITIES AND EQUITY
Current liabilities:
	$0
	0
		$0
Equity

Adjusted

	Included on Post-closing trial balance?	Type of Account	Post-closing Trial Balance
Account			Dr.	Cr.
Cash
Accounts receivable
Office supplies
Prepaid insurance
Computer equipment
Accumulated depreciation - Computer equipment
Salaries payable
Common stock
Retained earnings
Commissions revenue
Depreciation expense - Computer equipment
Salaries expense
Insurance expense
Rent expense
Office supplies expense
Repairs expense
Telephone expense
Totals			$0	$0