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On April 1 , Patricia Johnson established Johnson's Travel Agency. The following transactions were completed during the month . 1 . Invested $ 1 6

On April 1, Patricia Johnson established Johnson's Travel Agency. The following transactions were completed during the month.1. Invested $16,000 cash to start the agency.2. Paid $500 cash for April office rent. Purchased equipment for $2,100 cash. Incurred $600 of advertising costs in the Chicago Tribune, on account.Paid $800 cash for office supplies.6.Performed services worth $10,000: $3,300 cash is received from customers, and the balance of $6,700 is billed to customers on account.1. Withdrew $600 cash for personal use.2. Paid Chicago Tribune $400 of the amount due in transaction (4).3. Paid employees' salaries $2,800.4. Received $3.700 in cash from customers who have previously been billed in transaction (6).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.)

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