Use the following information: a. Prepaid insurance of $128 has expired this month. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on the computer equipment is $400. d. Employees earned $440 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,500 of commissions that are not yet billed at month-end. On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $50,000 cash and computer equipment worth $20,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,400 cash for the first month's (April) rent. 3 The company purchased $1,800 of office supplies for cash. 10 The company paid $2,300 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,200 cash for two weeks' salaries earned by employees. 24 The company collected $16,500 cash for commissions earned. 28 The company paid $1,200 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 $1,050 cash for this month's telephone bill. 30 The company paid $1,600 cash in dividends. 640: Rent Expense Debit Credit 650: Office Supplies Expense Debit Credit Date Balance Date Balance 684: Repairs Expense Debit Credit 688: Telephone Expense Debit Credit Date Balance Date Balance 901: Income Summary Debit Credit Date Balance 167: Computer Equipment Debit Credit 20,000 168: Accumulated Depreciation-Computer equipment Debit Credit Balance Date Date Balance 20,000 April 1 209: Salaries Payable Debit Credit 1,200 307: Common Stock Debit Credit Date Date Balance Balance 1,200 April 30 318: Retained Earnings Debit Credit 319: Dividends Debit Credit Date Balance Date Balance General Ledger accounts 106: Accounts Receivable Debit Credit Date Credit Date Balance 101: Cash Debit 50,000 16,500 April 1 April 24 Balance 50,000 66,500 128: Prepaid Insurance Debit Credit Date Date Balance 124: Office Supplies Debit Credit 1,800 1,600 April 3 April 30 Balance 1,800 200