On April 1, Susan Wilson established Wilson's Travel Agency. The following transactions were completed during the month.

1.Invested $15,000cash to start the agency.

2.Paid $700cash for April office rent.

3.Purchased equipment for $2,900cash.

4.Incurred $800of advertising costs in theChicago Tribune,on account.

5.Paid $900cash for office supplies.

6.Performed services worth $10,000: $2,900 cash is received from customers, and the balance of $7,100 is billed to customers on account.

7.Withdrew $600cash for personal use.

8.PaidChicago Tribune$600 of the amount due in transaction (4).

9.Paid employees' salaries $3,000.10.Received $4,100 in cash from customers who have previously been billed in transaction (6).

Problem 1-01A a-b On April 1, Susan Wilson established Wilson's Travel Agency. The following transactions were completed during the month. 1. Invested $15,000 cash to start the agency. 2. Paid $700 cash for April office rent. 3. Purchased equipment for $2,900 cash. 4. Incurred $800 of advertising costs in the Chicago Tribune, on account. 5. Paid $900 cash for office supplies. 6. Performed services worth $10,000: $2,900 cash is received from customers, and the balance of $7,100 is billed to customers on account. Withdrew $600 cash for personal use. 8. Paid Chicago Tribune $600 of the amount due in transaction (4). 9. Paid employees' salaries $3,000. 10. Received $4,100 in cash from customers who have previously been billed in transaction (6). /Your answer is partially correct. Try again. 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.) WILSON'S TRAVEL AGENCY Assets Liabilities Owner's Equity Accounts Accounts Owner's Owner's Cash + Receivable + Supplies + Equipment Payable + Capital Drawings + Revenues - Expenses 1. 15,000 15,000WILSON'S TRAVEL AGENCY Income Statement For the Year Ended April 30, 2017 v Total Revenues * 10,000 Total Expenses 4,500 E * Net Income / (Loss) 5,500 * Drawings 5,500Assets Liabilities Owner's Equity Accounts Accounts Owner's Owner's Cash + Receivable + Supplies + Equipment = Payable + Capital Drawings + Revenues Expenses v 15,000 15,000 2. -700 700 3. -2,900 2,900 x 4. 800 800 5. -900 900 6. 2,900 7,100 10,000 7 -600 -600 8. -600 -600 x -3,000 3,000 10. 4,100 -4,100 x 13,300 3,000 900 2,900 200 9- 15,000 10,000 4,500 (@ 2000-2020 1 Wiley & Sons All Rights Reser A Division of ] Wilev & Sons. Inc. .24,20