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

1.		Owner invested $24,000 in the business.
2.		Obtained a bank loan for $7,000 by issuing a note payable.
3.		Paid $11,000 cash to buy equipment.
4.		Paid $1,200 cash for April office rent.
5.		Paid $1,450 for supplies.
6.		Purchased $600 of advertising in the Daily Herald, on account.
7.		Performed services for $18,000: cash of $2,000 was received from customers, and the balance of $16,000 was billed to customers on account.
8.		Cash withdrawal of $400 by owner for personal use.
9.		Paid the utility bill for the month, $2,000.
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 and wages, $6,400.
13.		Received $12,000 cash from customers billed in transaction (7).