Problem 1-01A a-b On April 1, Carol Garcia established Garcia's Travel Agency. The following transactions were completed during the month. H NM Invested $13,000 cash to start the agency. Paid $500 cash for April office rent. Purchased equipment for $2,900 cash. Incurred $700 of advertising costs in the Chicago Tribune, on account. Paid $900 cash for office supplies. Performed services worth $10,000: $3,000 cash is received from customers, and the balance of $7,000 is billed to customers on account. Withdrew $500 cash for personal use. Paid Chicago Tribune $500 of the amount due in transaction (4). Paid employees' salaries $2,500. 10. Received $4,000 in cash from customers who have previously been billed in transaction (6).Return to Blackboard LUS Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help | System Announcements CALCULATOR PRINTER VERSION 1 BACK NEXT RCES front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.) GARCIA'S TRAVEL AGENCY Assets Liabilities Owner's Equity Accounts Accounts Owner's Owner s Cash Receivable Supplies Equipment Payable Capital Drawings Revenues - Expenses 1 $ 2. 3 . 8. 9 10 $ 69 3:34 PM 8/31/2020 SHOW LIST OF ACCOUNTS earchURCES From an analysis of the owner's equity columns, compute the net income or net loss for April. GARCIA'S TRAVEL AGENCY Income Statement vel Study -69 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT ere to search e 19