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  3. on april 1, 2017, jiro nozomi created a new travel

On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following...

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On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month Apr. 1 Nozomi invested S30,000 cash and computer equipment worth $20,000 in the company in ex- change for common stock. 2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. The company purchased $1,000 of office supplies for cash. The company paid $2,400 cash for the premium on a 12-month insurance policy. Coverage be- gins on April 11. The company paid $1,600 cash for two weeks' salaries earned by employees. The company collected $8,000 cash on commissions from airlines on tickets obtained for customers. The company paid $1,600 cash for two weeks' salaries earned by employees. 3 10 14 24 28

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