On April 1, Coronado Travel Agency began operations. The following transactions were completed during the month. 1. Owner invested $23,000 in the business. 2. Obtained a bank loan for $8,000 by issuing a note payable. 3. Paid $12,000 cash to buy equipment. 4. Paid $1,200 cash for April office rent. 5. Paid $1,450 for supplies. 6. Purchased $800 of advertising in the Daily Herald, on account. 7. Performed services for $19,000 : cash of $4,000 was received from customers, and the balance of $15,000 was billed to customers on account. 8. Cash withdrawal of $500 by owner for personal use. 9. Paid the utility bill for the month, $3,400. 10. Paid Daily Herald the amount due in transaction (6). 11. Paid $60 of interest on the bank loan obtained in transaction (2). 12. Paid employees' salaries and wages, $7,000. 13. Received $12,000 cash from customers billed in transaction (7). On April 1, Coronado Travel Agency began operations. The following transactions were completed during the month. 1. Owner invested $23,000 in the business. 2. Obtained a bank loan for $8,000 by issuing a note payable. 3. Paid $12,000 cash to buy equipment. 4. Paid $1,200 cash for April office rent. 5. Paid $1,450 for supplies. 6. Purchased $800 of advertising in the Daily Herald, on account. 7. Performed services for $19,000 : cash of $4,000 was received from customers, and the balance of $15,000 was billed to customers on account. 8. Cash withdrawal of $500 by owner for personal use. 9. Paid the utility bill for the month, $3,400. 10. Paid Daily Herald the amount due in transaction (6). 11. Paid $60 of interest on the bank loan obtained in transaction (2). 12. Paid employees' salaries and wages, $7,000. 13. Received $12,000 cash from customers billed in transaction (7)