56F Mostly sunny View Policies Show Attempt History Current Attempt in Progress On April 1, Dorothy Taylor established Taylor's Travel Agency. The following transactions were completed during the month 1. Invested $16,000 cash to start the agency. 2. Paid $700 cash for April office rent. 3. Purchased equipment for $3,400 cash. 4. Incurred $800 of advertising costs in the Chicago Tribune, on account. 5. Paid $600 cash for office supplies. Performed services worth $10,000: $3,200 cash is received from customers, and the balance of $6,800 is billed to customers on account. 7 Withdrew $600 cash for personal use. 8. Paid Chicago Tribune 5600 of the amount due in transaction (4). 9 Paid employees salaries $2,600 11:23 AM 100 BD 5/10/0 Question 3 of 5 < 9. Paid employees' salaries $2,600. 10. Received $3,800 in cash from customers who have previously been billed in transaction (6). 1.674 Your answer is partially correct. Complete the tabular analysis of the transactions. (If a transaction results in a decrease in Assets Liabilities or Owner's Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.) Assets Accounts Cash Receivable Supplies 10:24 AM Your arewery partny correct 1.6/4 Complete the tabular analysis of the transactions. (If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.) 2 Cash 16000 -700 3400 3 O AOD a Assets Accounts Receivable Supplies 1124 AM 100 X 5. 9 7. 8. 9. -600 3200 600 -600 -600 -2600 600 1 i i -14500 0. 3800 14500 -2600 9. 0. 3800 -14500 Textbook and Media List of Accounts Rave for Later 14500 $ Attempts: unlimited Submit Answer 10:25 AM D TAYLOR'S TRAVEL AGENCY Income Statement 1.6/4 E $ eTextbook and Media List of Accounts $ Attempts: unlimited Submit