On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's flest month April 1 Nozond invested $34,800 cash and computer equipent worth $35,000 in the company in exchange for common stock 2 The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. 3 The company purchased $1,800 of office supplies for cash. 10 The company paid $2,000 cash for the premium on 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,800 cash for two weeks' salaries earned by employees 24 The company collected $15,000 cash for commissions earned 28 The company paid $1,800 cash for two weeks' salaries earned by employees 29 The company paid $400 cash for minor repairs to the company's computer, 30 The company paid $1,350 cash for this month's telephone bill. 30 The company paid $2,200 cash in dividends. The company's chart of accounts follows: 102 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 268 Accumulated Depreciation-Computer Equip. 209 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends 405 Commissions Earned 612 Depreciation Expense-Computer Equip 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's flest month April 1 Nozond invested $34,800 cash and computer equipent worth $35,000 in the company in exchange for common stock 2 The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. 3 The company purchased $1,800 of office supplies for cash. 10 The company paid $2,000 cash for the premium on 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,800 cash for two weeks' salaries earned by employees 24 The company collected $15,000 cash for commissions earned 28 The company paid $1,800 cash for two weeks' salaries earned by employees 29 The company paid $400 cash for minor repairs to the company's computer, 30 The company paid $1,350 cash for this month's telephone bill. 30 The company paid $2,200 cash in dividends. The company's chart of accounts follows: 102 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 268 Accumulated Depreciation-Computer Equip. 209 Salaries Payable 307 Common Stock 318 Retained Earnings 319 Dividends 405 Commissions Earned 612 Depreciation Expense-Computer Equip 622 Salaries Expense 637 Insurance Expense 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense 688 Telephone Expense 901 Income Summary