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7. 8. Withdrew $400 cash for personal use. Paid Chicago Tribune $600 of the amount due in transaction (4). Paid employees' salaries $2,800. Received $5,400
7. 8. Withdrew $400 cash for personal use. Paid Chicago Tribune $600 of the amount due in transaction (4). Paid employees' salaries $2,800. Received $5,400 in cash from customers who have previously been billed in transaction (6). 9. 10. 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.) Assets JONES'S TRAVEL AGENCY Liabilities Accounts Equipment Payable Accounts Receivable Cash Owner's Equity Owner's Drawings + Revenues Owner's Capital + + Supplies + + Expenses 1. 1600 16000 $ $ $ $ $ $ $ 2. -600 600 3. -2800 2800 4. 800 800 5. -800 800 6. 2600 8400 11000 7. -400 400 8. -600 -600 9. -2800 2800 10. . 5400 -5400 16000 3000 800 2800 = 200 16000 400 11000 4200 $ $ LINK TO TEXT LINK TO TEXT From an analysis of the owner's equity columns, compute the net income or net loss for April. Activate Windows Go to Settings to activate Windows. JONES'S TRAVEL AGENCY 8. -600 -600 9. -2800 2800 10. 5400 -5400 16000 3000 800 2800 200 16000 400 11000 4200 $ LINK TO TEXT LINK TO TEXT From an analysis of the owner's equity columns, compute the net income or net loss for April. JONES'S TRAVEL AGENCY Income Statement For the Month Ended April 30, 2017 Net Income / (Loss) Click if you would like to Show Work for this question: Open Show Work
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