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THE ANSWER THAT IS IN CASH IS WRONG IT IS JUST AN EXAMPLE On April 1, 2013, Jiro Nozomi created a new travel agency, Adventure

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THE ANSWER THAT IS IN CASH IS WRONG IT IS JUST AN EXAMPLE

On April 1, 2013, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. Nozomi invested $33,000 cash and computer equipment worth $35:000 in the company. The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. The company purchased $1,100 of office supplies for cash. The company paid $2,600 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. The company paid $1,800 cash for two weeks' salaries earned by employees. The company collected $10,500 cash on commissions from airlines on tickets obtained for customers. The company paid $1,800 cash for two weeks' salaries earned by employees. The company paid $500 cash for minor repairs to the company's computer. The company paid $1,450 cash for this month's telephone bill. Nozomi withdrew $2,200 cash from the company for personal use

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