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[The following information applies to the questions displayed below.]
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 $35,000 cash and computer equipment worth $35,000 in
the company.
2 The company rented furnished office space by paying $2,000 cash for the first
month's (April) rent.
3 The company purchased $1,900 of office supplies for cash.
10 The company paid $2,100 cash for the premium on a 12-month insurance
policy. Coverage begins on April 11.
14 The company paid $1,300 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 $1,300 cash for two weeks' salaries earned by employees.
29 The company paid $550 cash for minor repairs to the company's computer.
30 The company paid $1,000 cash for this month's telephone bill.
30 Nozomi withdrew $2,000 cash from the company for personal use.
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