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On April 1. Coronado Travel Agency began operations. The following transactions were completed during the month 1 2 3. 4. 5. 6 7 Owner invested
On April 1. Coronado Travel Agency began operations. The following transactions were completed during the month 1 2 3. 4. 5. 6 7 Owner invested $25,000 in the business Obtained a bank loan for $6,600 by issuing a note payable. Paid $13,000 cash to buy equipment. Paid $1,400 cash for April officerent. Pald $1,450 for supplies Purchased 5900 of advertising in the Daily Herald, on account Performed services for $17.000: cash of 54.000 was received from customers and the balance of $13,000 was billed to customers on account Cash withdrawal of $400 by owner for personal use. Paid the utility bill for the month, $3,800, Paid Daily Herald the amount due in transaction (6) Paid $60 of interest on the bank loan obtained in transaction (2) Paid employees salaries and wages, $6,000 Received $12.000 cash from customers billed in transaction (7) 8 9. 10 11 12 13 Journalize the transactions. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3 PL
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