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On April 1, Sunland Travel Agency Inc. was established. These transactions were completed during the month 1. 2. 3. f 5. Paid $390 cash for

On April 1, Sunland Travel Agency Inc. was established. These transactions were completed during the month 1. 2. 3. f 5. Paid $390 cash for office supplies. Performed services worth $12,700. Cash of $4,000 is received from customers, and the balance of $8, customers on account. Paid $310 cash dividend. Paid Chicago Tribune amount due in transaction (4). Paid employees' salaries $1,250. Received $8,700 in cash from customers billed previously in transaction (6). 6. 7. 8. 9. 10. Stockholders invested $28,400 cash in the company in exchange for common stock. Paid $530 cash for April office rent. Purchased office equipment for $3,260 cash. Purchased $200 of advertising in the Chicago Tribune, on account. (a)
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On April 1, Sunland Travel Agency Inc. was established. These transactions were completed during the month 1. Stockholders invested $28,400 cash in the company in exchange for common stock. 2. Paid $530 cash for April office rent. 3. Purchased office equipment for $3,260cah. 4. Purchased $200 of advertising in the Chicago Tribune, on account. 5. Paid $390 cash for office supplies. 6. Performed services worth $12,700. Cash of $4,000 is received from customers, and the balance of $8 customers on account. 7. Paid $310 cash dividend. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees' salaries $1,250. 10. Received $8,700 in cash from customers billed previously in transaction (6)

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