On March 1, 2017. Laredo Auto Rental, Inc. was organized The following transactions occurred during April 2017 April 1 - The owner invested $200,000 in the company along with equipment that had a market value of $20,000 in exchange for common stock April 2. A company office and garage were located. The rent of $1,600 was paid for the month April 3 - Sbx cars were taken on a monthly lease that totaled 51 200 and was paid for April 4 - Fuel and other supplies for the month was purchased on credit $3 200 April 6 - Car rental fees of $18.200 were charged to customers and these were received April 8 - Office stationery worth $1.200 was bought on credit This should be treated as an expense This amount is due on May 6 ) April 9 - Miscellaneous expenses of $2.400 were paid April 12 - Land, near the airport for a future permanent site to include an office and parking bays, was purchased from a savings and loan association by borrowing $150,000 on a note from that association. The loan is due to be repaid in three years. Interest payments are due at the end of each month beginning May 1 April 14 - Car rental fees of $12 600 were charged to customers (This amount is due on May 10 ) Apr 16 - Salaries of $4000 for the month were paid April 18 - Uity charges of $1,000 for the month were paid Aprill 24. Car repairs of $1 800 were undertaken and paid to a local mechanic April 28 - A new computer system was leased for the bal will be paid on May 18) Apr 30 - A dividend payment of $1.200 was paid to the owner To answer the questions that follow you will need to (a) prepare a summary of the above and post the transactions using accounts (b) prepare an income statement for the month of April 2017 and (c) prepare a balance sheet as of April 30, 2017

Based on the information above , what is the cash balance for Laredo Auto Rental on April 30 , 2017 ?

Based on the accounting problem , what are the total revenues for Laredo Auto Rental on April 30 , 2017 ?

Based on the accounting problem , what are the total expenses ( less dividends for Laredo Auto Rental on April 30 2017

Based on the accounting problem , what is the net income for Laredo Auto Rental on April 30 , 2017 ?

Based on the accounting problem , what are the total assets for Laredo Auto Rental on April 30 , 2017 ?

Based on the accounting problem , what are the Retained Earnings for Laredo Auto Rental on April 30 , 2017 ?