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1 Current Attempt in Progress On April 1. Concord Travel Agency began operations. The following tramactions were completed during the month Owner invested $22.000 in
1 Current Attempt in Progress On April 1. Concord Travel Agency began operations. The following tramactions were completed during the month Owner invested $22.000 in the business 2 Obtained a bank loan for $6,300 by Issuing a note payable. 3 Paid $15.000 cash to buy equipment Paid $1,300 cash for April office rent. Paid $1.200 for supplies Purchased $700 of advertising in the Daily Herald, on account. Performed services for $20,000: cash of $2.000 was received from customers, and the balance of $18,000 was billed to customers on account. Cash withdrawal of $400 by owner for personal use. 2 Paid the utility bill for the month, $2.500. 10 Pald Daily Herald the amount due in transaction (6). 11. Paid $50 of interest on the bank loan obtained in transaction (2) 12. Paid employees' salaries and wages. $6,600 13. Received $12,000 cash from customers billed in transaction (7). NMON 8 Journalize the transactions. (Ir no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Credit 1. Debit 2. 3
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