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5 of 6 On April 1, 2015, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $47,000 cash and computer equipment worth $40,000 in the company 2 The company rented furnished office space by paying $2,100 cash for the first month's (April) rent. 3 The company purchased $1700 of office supplies for cash. 10 The company paid $2,500 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. 14 The company paid $1,500 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 $1,500 cas for two weeks' salaries earned by employees 29 The company paid $500 cash for minor repairs to the company's computer, 30 The company paid $950 cash for this month's telephone bill. 30 Nozomi withdrew $1,900 cash from the company for personal use. The company's chart of accounts follows: Ded ances 101 Cash 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment Accumulated Depreciation-Computer 168 Equip. 209 Salaries Payable 301 J. Nozomi, Capital 302 J. Nozomi, Withdrawals 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 Use the following information: a. Two-thirds for $139) of one month's Insurance coverage has expired. nents Help 5 Use the following information: a. Two-thirds (or $139) of one month's Insurance coverage has expired. b. At the end of the month, $400 of office supplies are still available. C. This month's depreciation on the computer equipment is $500 d. Employees earned $380 of unpaid and unrecorded salaries as of month-end. e. The company eamed $1,600 of commissions that are not yet billed at month-end. Part 4 of 6 5 points 5.1 Prepare the income statement for the month of April 30, 2015. Skipped ADVENTURE TRAVEL Income Statement For Month Ended April 30, 2015 eBook Revenues Print Expenses References Total expenses $ 0 8 5.2 Prepare the statement of owner's equity for the month of April 30, 2015. ook ADVENTURE TRAVEL Statement of Owner's Equity For Month Ended April 30, 2015 J. Nozomi, Capital, April 1, 2015 int $ 0 0 Fences J. Nozomi, Capital, April 30, 2015 $ 0 Part 4 of 6 5.3 Prepare the balance sheet at April 30, 2015, 5 points Skipped ADVENTURE TRAVEL Balance Sheet April 30, 2015 Assets eBook Print References 0 0 Total assets Liabilities Equity Total liabilities and equity $

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