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P1.1 (LO 3, 4) On April 1, Julie Chen established Minoli's Travel Agency. The following transactions were completed during the month, 1. Invested NTS15,000 cash

  • P1.1 (LO 3, 4) On April 1, Julie Chen established Minoli's Travel Agency. The following transactions were completed during the month, 1. Invested NTS15,000 cash to start the agency 2. Paid NT$600 cash for April office rent. 3. Purchased equipment for NT$3,000 cash. 4. Incurred NT$700 of advertising costs for Facebook ads, on account. 5. Paid NT$900 cash for office supplies. 6. Performed services worth NT$10,000: NT$3,000 cash is received from customers, and the balance of NT$7,000 is billed to customers on account. 7. Withdrew NT$600 cash for personal use. 8. Paid Facebook NT$500 of the amount due in transaction (4). 9. Paid employees' salaries NT$2,500. 10. Received NT$4,000 in cash from customers who have previously been billed in transaction (6). quastion :( A=L+OE)

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