Instructions Classify each of these transactions as operating, investing, or financing activities. Problems: Set A Excel 4. P1.1A (LO 3,4) On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were completed during the month. Analyze transactions and compute net income. 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 transaction (6) Check figures provide a key number to let you know you are on the right track Instructions DELL 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. a. Total assets $20,800 b. From an analysis of the owner's equity columns, compute the net income or net loss for April b. Net income $6,200