Two-thirds (or $167)of one months insurance coverage has expired.
b.	At the end of the month, $600 of office supplies are still available.
c.	This months depreciation on the computer equipment is $400.
d.	Employees earned $500 of unpaid and unrecorded salaries as of month-end.
e.	The company earned $1,700 of commissions that are not yet billed at month-end.

On April 1, 2015, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the companys first month.

April 1	Nozomi invested $43,000 cash and computer equipment 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 months (April)rent.
3	The company purchased $1,400 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 $1,000 cash for two weeks' salaries earned by employees.
24	The company collected $9,500 cash on commissions from airlines on tickets obtained for customers.
28	The company paid $1,000 cash for two weeks' salaries earned by employees.
29	The company paid $450 cash for minor repairs to the company's computer.
30	The company paid $1,050 cash for this month's telephone bill.
30	The company paid $1,900 cash in dividends.

101	Cash	405	Commissions Earned
106	Accounts Receivable	612	Depreciation ExpenseComputer Equip.
124	Office Supplies	622	Salaries Expense
128	Prepaid Insurance	637	Insurance Expense
167	Computer Equipment	640	Rent Expense
168	Accumulated DepreciationComputer Equip.	650	Office Supplies Expense
209	Salaries Payable	684	Repairs Expense
307	Common Stock	688	Telephone Expense
318	Retained Earnings	901	Income Summary
319	Dividends