On April 1, Margaret Moore established Moores Travel Agency. The following transactions were completed during the month.

1.		Invested $ 14,000 cash to start the agency.
2.		Paid $ 700 cash for April office rent.
3.		Purchased equipment for $ 3,600 cash.
4.		Incurred $ 900 of advertising costs in the Chicago Tribune, on account.
5.		Paid $ 900 cash for office supplies.
6.		Performed services worth $ 10,000: $ 2,500 cash is received from customers, and the balance of $ 7,500 is billed to customers on account.
7.		Withdrew $ 500 cash for personal use.
8.		Paid Chicago Tribune $ 700 of the amount due in transaction (4).
9.		Paid employees' salaries $ 2,200.
10.		Received $ 4,500 in cash from customers who have previously been billed in transaction (6).

(a)

Complete the tabular analysis of the transactions. (If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.)

MOORES TRAVEL AGENCY
		Assets							=	Liabilities	+	Owners Equity
		Cash	+	Accounts Receivable	+	Supplies	+	Equipment	=	Accounts Payable	+	Owners Capital		Owners Drawings	+	Revenues		Expenses
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