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Prepare a tablular analysis of the above transactions. Include margin explanations for any changes in Retained Earnings. On April 1, Crane Travel Agency Inc. was

image text in transcribedPrepare a tablular analysis of the above transactions. Include margin explanations for any changes in Retained Earnings.

On April 1, Crane Travel Agency Inc. was established. These transactions were completed during the month. 1. Stockholders invested $30,800 cash in the company in exchange for common stock. 2. Paid $810 cash for April office rent. 3. Purchased office equipment for $3,840 cash. 4. Purchased $280 of advertising in the Chicago Tribune, on account. 5. Paid $580 cash for office supplies. 6. Performed services worth $11,500. Cash of $4,000 is received from customers, and the balance of $7,500 is billed to customers on account. 7. Paid $510 cash dividend. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees' salaries $1,240. 10. Received $7,500 in cash from customers billed previously in transaction (6)

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