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On April 1, Marin Travel Agency Inc. was established. These transactions were completed during the month. 1. Stockholders invested $25,200 cash in the company in

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On April 1, Marin Travel Agency Inc. was established. These transactions were completed during the month. 1. Stockholders invested $25,200 cash in the company in exchange for common stock. 2. Paid $756 cash for April office rent. 3. Purchased office equipment for $2,856 cash. 4. Purchased $168 of advertising for the month in the Chicago Tribune, on account. 5. Paid $420 cash for office supplies. 6. Performed services worth $10,080. Cash of $2,520 is received from customers, and the balance of $7,560 is billed to customers on account. 7. Paid $336 cash dividend. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees' salaries $1,512. 10. Received $7,560 in cash from customers billed previously in transaction (6). Prepare a tabular analysis of the above transactions. Include margin explanations for any changes in revenues or expenses: (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

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