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On Aprll 1 , Tony Turner created a new travel agency. Turner Travel. The following transactions occurred during the company's first month. April 2 Turner
On Aprll Tony Turner created a new travel agency. Turner Travel. The following transactions occurred during the company's first
month.
April Turner invested $ cash and computer equipment worth $ in the company in exchange for its comon stock.
April The company rented furnished office space by paying $ cash for the first month's 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 nonth's telephone bill.
April The company paid $ cash in dividends.
Information for monthend adjustments follows:
a Prepald Insurance of $ explred this month.
b At the end of the month, $ of office supplies are still avallable.
c This month's depreclation on computer equipment Is $
d Employees earned $ of unpald and unrecorded salarles as of monthend.
e The company earned $ of commlssions revenue that is not yet recorded at monthend.
Use the dropdowns to select the accounts properly included on the income statement. The unadjusted, adjusted,
or postclosing balances will appear for each account, based on your selection.
Unadjusted
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