On April 1, Vaughn Travel Agency began operations. The following transactions were completed during the month.

1.		Owner invested $22,000 in the business.
2.		Obtained a bank loan for $8,600 by issuing a note payable.
3.		Paid $13,000 cash to buy equipment.
4.		Paid $1,100 cash for April office rent.
5.		Paid $1,500 for supplies.
6.		Purchased $600 of advertising in the Daily Herald, on account.
7.		Performed services for $18,000: cash of $3,000 was received from customers, and the balance of $15,000 was billed to customers on account.
8.		Cash withdrawal of $400 by owner for personal use.
9.		Paid the utility bill for the month, $2,800.
10.		Paid Daily Herald the amount due in transaction (6).
11.		Paid $60 of interest on the bank loan obtained in transaction (2).
12.		Paid employees salaries and wages, $6,300.
13.		Received $12,000 cash from customers billed in transaction (7).