Current Attempt in Progress

On April $1,$ Bonita Travel Agency began operations. The following transactions were completed during the month.

Owner invested $$25,000$ in the business.

Obtained a bank loan for $$6,100$ by issuing a note payable.

Paid $$14,500$ cash to buy equipment.

Paid $$1,300$ cash for April office rent.

Paid $$1,400$ for supplies.

Purchased $$700$ of advertising in the Daily Herald, on account.

Performed services for $$24,000$ : cash of $$4,000$ was received from customers, and the balance of $$20,000$ was billed customers on account.

Cash withdrawal of $$500$ by owner for personal use.

Paid the utility bill for the month, $$3,700.$

Paid Daily Herald the amount due in transaction $(6).$

Paid $$60$ of interest on the bank loan obtained in transaction $(2).$

Paid employees' salaries and wages, $$6,000.$

Received $$12,000$ cash from customers billed in transaction $(7).$