On December 1, 2015 John Trap created a new travel agency, Trap Adventures, Inc. providing exclusive adventure trips. The following transactions occurred during December 2015.

On December 1, 2015 John Trap created a new travel agency, Trap Adventures, Inc. providing exclusive adventure trips.  The following transactions occurred during December 2015. (NOTE: There are no beginning balances – this is a new company.) Dec 1John Trap invested $60,000 cash in the company for common stock.2Purchase office equipment for $17,500 cash.2The company rented furnished office space by paying $18,000 cash for the first six months (December 2015 – May 2016) rent.3The company purchased $1,500 of office supplies on account.10The company paid $3,600 cash for the premium on a 12-month insurance policy.14The company paid $10,750 cash for two weeks’ salaries earned by employees.24The company collected $54,000 cash on commissions from airlines on tickets obtained for customers.28The company paid $12,125 cash for two weeks’ salaries earned by employees.29The company paid $350 cash for minor repairs to the company’s computer.30The company paid $450 cash for this month’s telephone bill.30Dividends of $3,000 cash were paid. Adjustment Data: Using the spreadsheet found and  information above, complete the following:

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