On April 1, Larkspur, Inc. began operations. The following transactions were completed during the month.

1.		Issued common stock for $29,300 cash.
2.		Obtained a bank loan for $8,500 by issuing a note payable.
3.		Paid $13,400 cash to buy equipment.
4.		Paid $1,500 cash for April office rent.
5.		Paid $1,750 for supplies.
6.		Purchased $730 of advertising in the Daily Herald, on account.
7.		Performed services for $22,000: cash of $2,440 was received from customers, and the balance of $19,560 was billed to customers on account.
8.		Paid $490 dividend to stockholders.
9.		Paid the utility bill for the month, $2,440.
10.		Paid Daily Herald the amount due in transaction (6).
11.		Paid $50 of interest on the bank loan obtained in transaction (2).
12.		Paid employees salaries, $7,810.
13.		Received $14,640 cash from customers billed in transaction (7).
14.		Paid income tax, $1,830.