-11 View Policies Current Attempt in Progress On April 1, Marin Inc. began operations. The following transactions were completed during the month. 1. 2. 3. 4. 5. 6. 7. Issued common stock for $24,500 cash. Obtained a bank loan for $7,100 by issuing a note payable. Paid $11.200 cash to buy equipment. Paid $1,200 cash for April office rent. Paid $1,500 for supplies. Purchased $610 of advertising in the Daily Herald, on account Performed services for $18,400: cash of $2,040 was received from customers, and the balance of $16,360 was billed to customers on account Paid $410 cash dividend to stockholders. Paid the utility bill for the month, $2,040. Paid Daily Herald the amount due in transaction (6). Paid $40 of interest on the bank loan obtained in transaction (2). Paid employees' salaries, $6,530. Received $12,240 cash from customers billed in transaction (7). Paid income tax, $1,530. 8. 9. 10. 11. 12. 13. DW DO I Chec No. Account Titles and Explanation 1. Debit Credit 2. 3. 4 5 5 2 8 10 14 MacBook Pro