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On April 1, Than Nguyen created a new travel agency, Nguyen Travel. The following transactions occurred during the company's firs month. April 2 Nguyen invested

On April 1, Than Nguyen created a new travel agency, Nguyen Travel. The following transactions occurred during the company's firs month. April 2 Nguyen invested $47,000 cash and computer equipment worth $24,000 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 month's (April) rent. April 4 The company purchased $1,200 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 $400 cash for this month's telephone bill. April 30 The company paid $2,000 cash in dividends. Information for month-end adjustments follows: 4 a. Prepaid insurance of $160 expired this month. b. At the end of the month, $1,100 of office supplies are still available. c. This month's depreciation on computer equipment is $400. d. Employees earned $784 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,840 of commissions revenue that is not yet recorded at month-end.
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on April 1, Than Nguyen created a new travel agency. Nguyen Travel. The following transactions occurred during the company's firs honth. Apr11 2 Nguyen Invested $47,000 cash and computer equipment worth $24, 000 in the company in exchange for its comon stock. Apri1 3 The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. Apri1 4 The company purchased $1,200 of offlce supplies for cash. Apri1 10 The company paid $2,580 cash for a 12 -month Insurance policy. Coverage begins on April 11 . April 14 The company paid $1,960 cash for two weeks' solories earned by enployees. Apri1 24 The company collected $18,000 cash for comissions revenue. Apr11 28 The company paid $1,960 cash for two weeks' salaries earned by employees. April 29 The conpany pald $650 cash for minor repalrs to computer equipment. Aptil 30 The company paid $400 cash for this month's telephone b111. April 30 the company pald $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, $1,100 of office supplies are still available. c. This month's depreciation on computer equipment is $400. d. Employees earned $784 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,840 of commissions revenue that is not yet recorded at month-end. Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, a or post-closing balances will appear for each account, based on your selection

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