On April 1, Julie Chen established Miaoli’s Travel Agency. The following transactions were completed during the month.
1. Invested NT$15,000 cash to start the agency.
2. Paid NT$600 cash for April office rent.
3. Purchased equipment for NT$3,000 cash.
4. Incurred NT$700 of advertising costs for Facebook ads, on account.
5. Paid NT$900 cash for office supplies.
6. Performed services worth NT$10,000: NT$3,000 cash is received from customers, and the balance of NT$7,000 is billed to customers on account.
7. Withdrew NT$600 cash for personal use.
8. Paid Facebook NT$500 of the amount due in transaction (4).
9. Paid employees’ salaries NT$2,500.
10. Received NT$4,000 in cash from customers who have previously been billed in transaction (6).

Instructions
a. Prepare a tabular analysis of the transactions using the following column headings: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Owner’s Capital, Owner’s Drawings, Revenues, and Expenses.
b. From an analysis of the owner’s equity columns, compute the net income or net loss for April.