On April 1, Julie Spengel established Spengel’s Travel Agency. The following transactions were completed during the month.

April 1. Invested $20,000 cash to start the agency. 

  5. Paid $800 cash for April office rent.

         6. Purchased equipment for $4,000 cash. 

  9. Incurred $700 of advertising costs in the Chicago Tribune, on the account. 

12. Paid $900 cash for office supplies. 

       17. Performed services worth $11,000: $4,000 cash is received from customers, and the balance of $7,000 is billed to customers on account.

       19. Withdrew $600 cash for personal use.

       20. Paid Chicago Tribune $600 of the amount due in a transaction on April 9.

       23. Paid employees’ salaries $3,500. 

       27. Received $3,000 in cash from customers who have previously been billed in transactions on April 17.

Instructions 

(a) Journalize the transactions. 

(b) Post to the ledger accounts. 

(c) Prepare a trial balance on April 30, 2020.