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Accounting Cycle Bayou Travel On April 1. 2012. Troy Lambert created a new travel agency called Bayou Travel. The company was organized as a corporation and has a monthly accounting period. The following transactiors occurred during the company's first month. April Lambert invested $32,000 cash and computer equipment worth $24,000 in the April 2 The company rented furnished office space by paying $1,550 cash for the month's company (April) rent. April 3 The company purchased $2,100 of office supplies for cash. April 10The company paid $3,000 cash for the premium on a 12-month insurance policy Coverage begins on April 11. April 14The company paid $2,300 cash for two-weeks' salaries earned by employees April24 April 28 Tlected $16,000 cash on commissions from sirlines on tickets obtained for customers. The company paid another $2.300 ensh for two weeks' salaries earned by employees. April 29 April 30 April 30 The company paid $700 cash for minor repairs to the company's computer The company paid $950 cash for this month's telephone bill. Lambert withdrew $700.00 from the business The company's chart of accounts follows: Commissions Earned Depreciation Expense-Computer Equip Salaries Expense Insurance Expense Rent Expense Cash Accounts Receivable Office Supplies Prepaid Insurance Computer Equipment Accumulated Depreciation-Computer Equip. Office Supplies Expense Salaries Payable T. Lambert,Capital Repairs Expense Telephone Expense Income Summary T. Lambert, Withdrawals