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On April 1 , Than Nguyen created a new travel agency, Nguyen Travel. The following transactions occurred during the company s first month. April 2
On April Than Nguyen created a new travel agency, Nguyen Travel. The following transactions occurred during the companys first month.
April Nguyen invested $ cash and computer equipment worth $ in the company.
April The company rented furnished office space by paying $ cash for the first months April rent.
April The company purchased $ of office supplies for cash.
April The company paid $ cash for a month insurance policy. Coverage begins on April
April The company paid $ cash for two weeks salaries earned by employees.
April The company collected $ cash for commissions revenue.
April The company paid $ cash for two weeks salaries earned by employees.
April The company paid $ cash for minor repairs to computer equipment.
April The company paid $ cash for this months telephone bill.
April Nguyen withdrew $ cash from the company for personal use.
Information for monthend adjustments follows:
Prepaid insurance of $ expired this month.
At the end of the month, $ of office supplies are still available.
This months depreciation on computer equipment is $
Employees earned $ of unpaid and unrecorded salaries as of monthend.
The company earned $ of commissions revenue that is not yet recorded at monthend.
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