CALCULATOR PRINTER VERSION BACK s On April 1, Skysong, Inc. began operations. The following transactions were completed dunng the month 1. Issued common stock for $26,400 cash. 2. Obtained a bank loan for $7,700 by issuing a note payable. 3. Paid $12,100 cash to buy equipment. 4. Paid $1,300 cash for April office rent. 6. Purchased $660 of advertising in the Daily Herald, on account. z Performed services for $19,800: cash of $2,200 was received from customers, and the balance of $17,600 was billed to customers on account. 8. Paid $440 dividend to stockholders 9. Paid the utility bill for the month, $2,200 10. Paid Daily Herald the amount due in transaction (6). 11. Paid $40 of interest on the bank loan obtained in transaction (2). 12. Paid employees' salaries, $7,040 13. Received $13,200 cash from customers billed in transaction (7). 14. Paid income tax, $1,650. the transactions. (If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit 2