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On April 1, Sandra Robinson established Robinson's Travel Agency. The following transactions were completed during the month. N 2. 3. 4. 5. 6. 7. 8.
On April 1, Sandra Robinson established Robinson's Travel Agency. The following transactions were completed during the month. N 2. 3. 4. 5. 6. 7. 8. 9. 10. Invested $18,000 cash to start the agency. Paid $500 cash for April office rent. Purchased equipment for $3,200 cash. Incurred $900 of advertising costs in the Chicago Tribune, on account. Paid $600 cash for office supplies. Performed services worth $11,000: $3,100 cash is received from customers, and the balance of $7,900 is billed to customers on account. D Withdrew $600 cash for personal use. Paid Chicago Tribune $700 of the amount due in transaction (4). Paid employees salaries $2.100. Received $4,900 in cash from customers who have previously been billed in transaction (6).
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