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 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 transaction on April 9.
23. Paid employees’ salaries $3,500.
27. Received $3,000 in cash from customers who have previously been billed in transaction on April
17.
Instructions
(a) Journalize the transactions.
(b) Post to the ledger accounts.

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