On April 1, Jiro Naomi created a new travel agency, Adventure Travel. The following transactions...
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On April 1, Jiro Naomi created a new travel agency, Adventure Travel. The following transactions occurred during the companys first month. April 2 Nozomi invested $37,000 cash and computer equipment worth $20,000 in the company in exchange for its common stock. April 3 The company rented furnished office space by paying $2,800 cash for the first months (April) rent. April 4 The company purchased $1,900 of office supplies for cash. April 10 The company paid $1,980 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,400 cash for two weeks' salaries earned by employees. April 24 The company collected $13,000 cash for commissions revenue. April 28 The company paid $1,400 cash for two weeks' salaries earned by emplo
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