On April 1, Crane Travel Agency Inc. was established. These transactions were completed during the month. Stockholders invested $30,800 cash in the company in exchange for common stock. 1. 2. Paid $810 cash for April office rent. 3. Purchased office equipment for $3,840 cash. 4. Purchased $280 of advertising in the Chicago Tribune, on account. 5. Paid $580 cash for office supplies. 6. Performed services worth $11,500. Cash of $4,000 is received from customers, and the balance of $7,500 is billed to customers on account. 7. Paid $510 cash dividend. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees' salaries $1,240. 10. Received $7,500 in cash from customers billed previously in transaction (6). (1) $ (2) (3) (4) (5) (6) (7) (8) (9) (10) $ Assets Cash Accounts Receivable + Supplies Equipm $ $ Question 1 of 3 < > +A CRANE TRAVEL AGENCY INC. Liabilities Equipment Accounts Payable +A $ LA $ LA +A $ Common Stock + +A $ -/3 == Revenues + $ Stockholders' Equity Retained Earnings Revenues Expenses $ Dividends Advertising Expense Dividends Rent Expense Salaries and Wages Expense Service Revenue