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On April 1, Vagabond Travel Agency Inc. was established. These transactions were completed during the month. 1. Stockholders invested $28,988 cash in the company in

On April 1, Vagabond Travel Agency Inc. was established. These transactions were completed during the month.

1. Stockholders invested $28,988 cash in the company in exchange for common stock.
2. Paid $513 cash for April office rent.
3. Purchased office equipment for $3,849 cash.
4. Purchased $386 of advertising in the Chicago Tribune, on account.
5. Paid $417 cash for office supplies.
6. Earned $12,518 for services provided: Cash of $3,723 is received from customers, and the balance of $8,795 is billed to customers on account.
7. Paid $245 cash dividends.
8. Paid Chicago Tribune amount due in transaction (4).
9. Paid employees

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