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Current Attempt in Progress On April 1, Teal Mountain Travel Agency Inc. was established. These transactions were completed during the month. 1. 12 2.
Current Attempt in Progress On April 1, Teal Mountain Travel Agency Inc. was established. These transactions were completed during the month. 1. 12 2. 3. 4. 45 6. 7. Stockholders invested $29,400 cash in the company in exchange for common stock. Paid $882 cash for April office rent. Purchased office equipment for $3,332 cash. Purchased $196 of advertising for the month in the Chicago Tribune, on account. Paid $490 cash for office supplies. Performed services worth $11,760. Cash of $2,940 is received from customers, and the balance of $8,820 is billed to customers on account. Paid $392 cash dividend. 8. Paid Chicago Tribune amount due in transaction (4). 7890 9. Paid employees' salaries $1.764. 10. Received $8,820 in cash from customers billed previously in transaction (6). (a) Prepare a tabular analysis of the above transactions. Include margin explanations for any changes in revenues or expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) In front of the amount entered for the particular Asset, Llability or Equity item that was reduced.) Assets Cash Accounts Receivable Supplies Equipmer (1) (2) (4) (5) 88633 $ $
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