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Required information (The following information applies to the questions displayed below] On April 1, 2015, Jiro Nozomi created a new travel agency, Adventure Travel. The
Required information (The following information applies to the questions displayed below] On April 1, 2015, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month April 1 Nozomi invested $34,000 cash and computer equipment worth $20,000 in the company in exchange for common stock 2 The company rented furnished office space by paying $2,900 cash for the first month's (April) rent. 3 The company purchased $1,600 of office supplies for cash. 10 The company paid $3,000 cash for the premium on a 12-month insurance policy. Coverage begins on April 11 14 The company paid $1,300 cash for two weeks' salaries earned by employees. 24 The company collected $11,000 cash on commissions from airlines on tickets obtained for customers. 28 The company paid $1,300 cash for two weeks' salaries earned by employees. 29 The company paid $250 cash for minor repairs to the company's computer 30 The company paid $1,150 cash for this month's telephone bill. 30 The company paid $1,800 cash in dividends
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