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prepare an adjusted trial balance as of April 30. Accounting Cycle Oa April !, 2012, Troy Lambert created a new travel agency called Bayou Travel.

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Accounting Cycle Oa April !, 2012, Troy Lambert created a new travel agency called Bayou Travel. The company occurred during the company's first month. April Apri2he cmanyreted funished office space by paying $1,550 cash for the month's was oranized as corporation and has a monthly accounting period. The following Lambert invested $32.000 cash and computer equipment worth $24,000 in the company company (April) rent. The company purchased $2,100 of office supplies for cash. The company paid $3,000 cash for the premium on a 12-month insurance policy April 3 April 10 Coverage begins on April 11. April 24 The company collected S16,000 cash on commissions from airlines on tickets April 28 The company paid another $2,300 cash for two weeks' salaries earned by April 29 The company paid $700 cash for minor repairs to the company's computer April 14The company paid $2,300 cash for two-weeks' salaries earned by employees. obtained for customers. employees. Lambert withdrew $700.00 from the business Apri 30 April 30 The company paid so50 cash for this month's telephone bill. The company's chart of accounts follows: Commissions Earned Accounts Receivable Office Supplies Prepaid Insurance Computer Equipment Accumulated Depreciation-Computer Equip. Salaries Payable T. Lambert, Capital on Expense-Computer Equip. Salaries Expense Insurance Expense Rent Expense Office Supplies Expense Repairs Expense Telephone Expense Income Summary T. Lambert, Withdrawals

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