On April 1, Larkspur, Inc. began operations. The following transactions were completed during the month. 1. Stockholders invested $23,500 in the business in exchange for common stock. 2. Obtained a bank loan for $6,900 by issuing a note payable. 3. Paid $10,800 cash to buy equipment. 4. Paid $1,200 cash for April office rent. 5. Paid $1,400 for supplies. 6. Purchased $590 of advertising in the Daily Herald, on account. 7. Performed services for $17,600 : cash of $1,960 was received from customers, and the balance of $15,640 was billed to customers on account. 8. Paid $390 cash dividend to stockholders. 9. Paid the utility bill for the month, $1,960. 10. Paid Daily Herald the amount due in transaction (6). 11. Paid $40 of interest on the bank loan obtained in transaction (2). 12. Paid employees' salaries and wages, $6,270. 13. Received $11,760 cash from customers billed in transaction (7). Journalize the transactions. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select 'No Entry' for the occount titles and enter O for the amounts.)