Please help with my accounting review
COMPREAENSIV 2302 T April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following occurred during the company's first month. April 1 Nozomi invested $45,000 cash and computer equipment worth $25,000 in the company in exchange for common $1,700 cash for the first month's (April) rent 3 The company purchased $1, 900 of office supplies for stock 2 The company rented furnished office space by paying cash month insurance policy. Coverage begins on April 11. 14 The company paid $1,700 cash for two weeks' salaries 10 The company paid $2, 900 cash for the premium on a 12- 24 The company collected $19,500 cash on commissions from 28 Th earned by employees. e company paid $1,700 cash for two weeks' salaries earned by employees airlines on tickets obtained for customers. to the 29 The company paid $400 cash for minor repairs company's computer. 30 The company paid $1,050 cash for this month's telephone 30 The company paid $2,200 cash in dividends The company's chart of accounts follows: 101 Cash 405 Commissions Earned Depreciation Expense- Computer Equip. 612 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 168 Accumulated Depreciation- 650 Office Supplies Expense Computer Equip. 209 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends 684 Repairs Expense 688 Telephone Expense 901 Income Summary Use the following information: a. Two-thirds (or $161) of one month's insurance coverage has expired. b. At the end of the month, $800 of office supplies are still available. e. This month's depreciation on the computer equipment is $600. d. Employees earned $440 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,550 of commissions that are not yet billed at month-end. alare Acct. No. 106 Acct. No. 12 4 Office Supplies PR Date Acct. No. 128 PR Debit Credit Balance Prepaid Insurance Date Explanation Acct. No. 167 PR Debit Credit Balance Computer Equipment Date Ex Accumulated Depreciation Computer Equipment Acct. No. 168 PR Debit Credit Balance Explanation Date Salaries Payable Acct. No. 209 PR Debit Credit Balance Date Explanation Common Stock Acct. No. 307 PR Debit Credit Balance Date Explanation Retained Earnings Acct. No. 318 PR Debit Credit Balance Date Explanation Acct No 319 nce Commissions Earned Acct No. 405 Date Explanation PR DebitCredit Balance Dato Exxpense Computer Eguipment Acct. No. 612 onPR Debit Credit Balance Acct. No. 622 PR Debit Credit Balance Salaries Expense Date ate Explanation Acct. No. 637 PR Debit Credit Balance Insurance Expense Date Explanation Acct. No. 640 PR Debit Credit Balance Rent Expense Date Explanation Acct. No. 650 Office Supplies Expense PR Debit Credit Balance Date Explanation Repairs Expense Acct. No. 684 PR Debit Credit Balance Date Explanation Telephone Expense Acct. No. 688 PR Debit Credit Balance Date Explanation Income SummaryAcct. No.901 PR Debit Credit Balance ate Explanation
