On April 1, Larkspur, Inc. began operations. The following transactions were completed during the month. 1. Stockholders invested $29,300 in the business in exchange for common stock. 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 cash 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