On December 1, 2015 John Trap created a new travel agency, Trap Adventures, Inc. providing excluadventure trips. The following transactions occurred during December 2015.(NOTE: There are no beginning balances - this is a new company.)Dec 1 John Trap invested $60,000 cash in the company for common stock.2 Purchase office equipment for $17,500 cash.2 The company rented furnished office space by paying $18,000 cash for the first six months (Dece2015 - May 2016) rent.3 The company purchased $1,500 of office supplies on account.10 The company paid $3,600 cash for the premium on a 12-month insurance policy.14 The company paid $10,750 cash for two weeks' salaries earned by employees.24 The company collected $54,000 cash on commissions from airlines on tickets obtained for cust28 The company paid $12,125 cash for two weeks' salaries earned by employees.29 The company paid $350 cash for minor repairs to the company's computer.30 The company paid $450 cash for this month's telephone bill.30 Dividends of $3,000 cash were paid.Adjustment Data: . One month's insurance coverage has expired.The company occupied the office space for the month of December.