Assets		Liabilities + Owner's Equity
	Cash	Accounts Receivable	Supplies	Equipment	Accounts Payable	Owner's capital	Owner's Drawings	Revenue	Expenses
1	15000					15000
2	-600								600
3	-3000			3000
4					700				700
5	-900		900
6	3000	7000						10000
7	-600						600
8	-500				-500
9	-2500								2500
10	4000	-4000
Total	13900	3000	900	3000	200	15000	600	10000	3800
b
Revenue	10000
Less:Expenses	3800
Net income	6200

Assume that office rent and advertising expense changed to $800 and $600 respectively. In addition, revenues changed to $12,000 with $5,000 collected in cash and the balance on account. Show the impact of these changes in the analysis and on the net income or loss for the month.

P1-1A on April 1, Julie Spengel established Spengel's Travel Agency. The following trans- actions were completed during the month. 1. Invested $15,000 cash to start the agency. 2. Paid $600 cash for April office rent. 3. Purchased equipment for $3,000 cash. 4. Incurred $700 of advertising costs in the Chicago Tribune, on account. 5. Paid $900 cash for office supplies. 6. Performed services worth $10,000: $3,000 cash is received from customers, and the balance of $7,000 is billed to customers on account. 7. Withdrew $600 cash for personal use. 8. Paid Chicago Tribune $500 of the amount due in transaction (4). 9. Paid employees' salaries $2,500. 10. Received $4,000 in cash from customers who have previously been billed in transac- tion (6) Instructions (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) From an analysis of the owner's equity columns, compute the net income or net loss for April