1. On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were completed during the month April 1 Invested $15,000 cash to start the agency. April 2 Paid $600 cash for April office rent. April 3 Purchased equipment for $3,000 cash. April 4 Incurred $700 of advertising costs in the Chicago Tribune, on account April 12 Paid $900 cash for office supplies. April 13 Performed services worth $10,000:$3,000 cash is received from customers, and the balance of $7,000 is billed to customers on account. April 14 Withdrew $600 cash for personal use. April 18 Paid Chicago Tribune $500 of the amount due in transaction (April 4). April 23 Paid employees' salaries $2,500. April 25 Received $4,000 in cash from customers who have previously been billed in transaction Instructions: (a) Journalize the transactions with explanations. (20) (b) 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. (20) (c) From an analysis of the owner's equity columns, compute the net income or net loss for April (20)