On April 1, Pharoah Travel Agency Inc. was established. These transactions were completed during the month: 1. Stockholders invested $29,600 cash in the company in exchange for common stock. 2. Paid $820 cash for April office rent. 3. Purchased office equipment for $3,110 cash. 4. Purchased $250 of advertising in the Chicogo Tribune, on account. 5. Paid $540 cash for office supplies, 6. Performed services worth $12,200. Cash of $4,000 is received from customers, and the balance of $8,200 is billed to customers on account. 7. Paid $260 cash dividend. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees' salaries $1,420. 10. Received $8,200 in cash from customers billed previously in transaction (6). On April 1, Pharoah Travel Agency Inc. was established. These transactions were completed during the month: 1. Stockholders invested $29,600 cash in the company in exchange for common stock. 2. Paid $820 cash for April office rent. 3. Purchased office equipment for $3,110 cash. 4. Purchased $250 of advertising in the Chicogo Tribune, on account. 5. Paid $540 cash for office supplies, 6. Performed services worth $12,200. Cash of $4,000 is received from customers, and the balance of $8,200 is billed to customers on account. 7. Paid $260 cash dividend. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees' salaries $1,420. 10. Received $8,200 in cash from customers billed previously in transaction (6)