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On April 1, DeDonder Travel Agency Inc. was established. These transactions were completed during the month. 1. Stockholders invested $28,655 cash in the company in

On April 1, DeDonder Travel Agency Inc. was established. These transactions were completed during the month. 1. Stockholders invested $28,655 cash in the company in exchange for common stock. 2. Paid $818 cash for April office rent. 3. Purchased office equipment for $3,036 cash. 4. Purchased $205 of advertising in the Chicago Tribune, on account. 5. Paid $332 cash for office supplies. 6. Performed services worth $12,892. Cash of $3,096 is received from customers, and the balance of $9,796 is billed to customers on account. 7. Paid $456 cash dividends. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees salaries $1,300. 10. Received $9,796 in cash from customers billed previously in transaction (6). (a) Prepare a tabular analysis of the above transactions. (b) From an analysis of the Retained Earnings columns, compute the net income or net loss for April

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