Problem 4-13A Performing the steps in the accounting cycle LO2,3.45.6 CHECK FIGURES: 4. Loss = $1,070; Total assets = $102,100; 6. Post-closing trial balance $104,150 On June 1, 2017, Sam Near created a new travel agency called Tours-For-Less. These activities occurred during the company's first month: 1 Near created the new company by investing $40.000 cash. $5.000 of furniture, and computer equipment worth $60,000 June 2 The company rented furnished office space by paying $3.200 rent for the first month. 3 The company purchased $2.400 of office supplies for cash. 10 The company paid $7.200 for the premium on a one year insurance policy. 14 The owner's assistant was paid $3,600 for two weeks' salary. 24 The company collected $13.600 of commissions from airlines on tickets obtained for customers. 28 The assistant was paid another $3.600 for two weeks' salary. 2 The company paid the month's $3,500 phone bill 30 The company repaired its computer for $700 on account. 30 The owner withdrew $2,850 cash from the business for personal use