7 of 8 < View Policies Current Attempt in Progress -/25 E On April 1, Ruth Lewis established Lewis's Travel Agency. The following transactions were completed during the month. 1. Invested $13,000 cash to start the agency. 2. Paid $500 cash for April office rent. 3. Purchased equipment for $2,400 cash. 4. Incurred $700 of advertising costs in the Chicago Tribune, on account. 5. Paid $500 cash for office supplies. 6. 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 $400 cash for personal use. 8. Paid Chicago Tribune $500 of the amount due in transaction (4). 9. Paid employees' salaries $2,000. 10. Received $3,800 in cash from customers who have previously been billed in transaction (6). Question 7 of 8 -125 E 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 Accounts Cash Receivable 1. $ 2. 3. 4. 5. 6. 7. 8. Supplies Equipme $