On April $1,$ Ivanhoe Travel Agency, Inc. began cperations. The following transactions were completed during the month

Issued common stock for $$19,200$ cash.

Obtained a bank loan for $$5,600$ by issuing a note payable.

Paid $$9,800$ cash to buy equipment.

Paid $$1,000$ cash for April office rent,

Paid $$1,150$ for supplies.

Purchased $$480$ of actvertising in the Daily Herald, on account.

Performed services for $$14,400$ : cash of $$1,600$ was received from customers, and the balance of $$12,800$ was billed to

customers on account.

B$.$ Paid $$320$ cash dividend to stockholders.

Paid the utility bill for the month, $$1,600.$

Paid Daily Herald the amount due in transaction $(6).$

Paid $$30$ of interest on the bank loan obtained in transaction $(2)$

Paid employees' salaries, $$5,120.$

Received $$9,600$ cash from customers billed in transaction $(7).$

Paid income tax, $$1,200.$

Journalize the transactions. $($If no entry is required, select $"$No Entry" for the account tities and enter $0$ for the amounts. Credit account titles

are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.$)$