3. On April 1, Mr. Adam Smith established Smith's Travel Agency. The following transactions were completed during the month. Serial 1 2 3 4 Paid $900 cash for office supplies. 5 6 7 Transactions and other events Invested $15,000 cash and $5,000 office equipment to start the agency. Paid $600 cash for April office rent. Purchased equipment for $3,000 on account. Performed services worth $10,000: $3,000 cash is received from customers, and the balance of $7,000 is on account. Smith withdrew $600 cash for personal use. Paid Chicago Tribune $500 for advertising services. 8 Paid employees' salaries $2,500. 9 Received $4,000 in cash from customers who have previously been billed in transaction (5). 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. Prepare an income statement for April. c. Prepare a balance sheet at April 30. 5 4 6