work Saved GL0402- Based on Problem 4-1A LO C2, P2, P3 On April 1, Carolyn Collins created a new travel agency, Collins Trave). The following transactions occurred during the company's first month. Apr. 1 Collins invested $42,000 cash and computer equipment worth $21,000 in the company. Apr. 2 The company rented furnished office space by paying $2,600 cash for the first month's (April) rent. Apr. 3 The company purchased $1,600 of office supplies for cash. Apr. 10 The company paid $3,240 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. Apr. 14 The company paid $2,100 cash for two weeks salaries earned by employees. Apr. 24 The company collected $24,000 cash for commissions earned. Apr. 28 The company paid $2,100 cash for two weeks' salaries earned by employees. Apr. 29 The company paid $800 cash for minor repairs to the company's computer. Apr. 30 The company paid $500 cash for this month's telephone bill. Apr. 30 Collins withdrew $2,100 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $180 has expired this month. b. At the end of the month, $850 of office supplies are still available. c. This month's depreciation on the computer equipment is $350. d. Employees earned $840 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,790 of commissions that are not yet billed at month-end. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Post Closing Prepare the required journal entries, adjusting entries, and closing entries for Collins Travel. View traction list