On April 1, Barbara Jones established Jones's Travel Agency. The following transactions were completed during the month. 1. 2. 4. 5. 6. 7. 8. 9. 10. Invested $16,000 cash to start the agency. Paid $600 cash for April office rent. Purchased equipment for $2,800 cash. Incurred $800 of advertising costs in the Chicago Tribune, on account. Paid $800 cash for office supplies. Performed services worth $11,000: $2,600 cash is received from customers, and the balance of $8,400 is billed to custome Withdrew $400 cash for personal use. Paid Chicago Tribune $600 of the amount due in transaction (4). Paid employees' salaries $2,800. Received $5,400 in cash from customers who have previously been billed in transaction (6). - (a) Your answer is correct. Complete the tabular analysis of the transactions. (If a transaction results in a decrease in Assets, Liabilities or Owner's Eq parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced. See II JONES'S TRAVEL AGENCY Llabilities Assets Owner's Equity Accounts Owner's Accounts Receivable Owner's Drawings + + Supplies + Equipment Revenges - 1600 16000 JONES'S TRAVEL AGENCY Income Statement For the Month Ended April 30, 2017 Investments Cash Owner's Capital, May 31 M owner drawings Utilities Expense Service Revenue Total Revenues Net Income / (Loss) 6800