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On April 1, Blossom Travel Agency Inc. was established. These transactions were completed during the month. 1. 2. 3. 4. 5. 6. 7. 8. 9.
On April 1, Blossom Travel Agency Inc. was established. These transactions were completed during the month. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Stockholders invested $30,600 cash in the company in exchange for common stock. Paid $780 cash for April office rent. Purchased office equipment for $3,870 cash. Purchased $250 of advertising in the Chicago Tribune, on account. Paid $570 cash for office supplies. Performed services worth $11,400. Cash of $2,200 is received from customers, and the balance of $9,200 is billed to customers on account. Paid $280 cash dividend. Paid Chicago Tribune amount due in transaction (4). Paid employees' salaries $1,310. Received $9,200 in cash from customers billed previously in transaction (6).
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