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On April 1, John Milton opened Milton Company. The company provides services to a variety of client*. The company was organized as a corporation and has a monthly accounting period. The follwing transactions occurred during April. Milton invested $50,000 cash in the company m exchange for is common stock. The company paid $1,500 cash to rent office space for April The company paid $720 cash for the premium on a six-month insurance policy. Coverage begins on April 1. The company performed services for a client and received $3,800 cash. The company purchased $1,780 of supplies on account The company paid $980 cash for salary earned by an employee. The company performed services for a client and received $S,400 cash. The company paid $980 cash for salary earned by an employee. The company paid $480 cash for this month's utility bill. The company paid $900 cash is dividens. The company's chart of accounts follows: Adjustment Data As of April 30. $120 of insurance coverage has expired. As of April 30, the company has $849 of supplies remaining. As of Apnl 30. the company has incurred $140 of unpaid and unrecorded salary