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Problem 1-01A a-b (Part Level Submission) On April 1. Donna Clark established Clark's Travel Agency. The following transactions were completed during the month. 2. 3.
Problem 1-01A a-b (Part Level Submission) On April 1. Donna Clark established Clark's Travel Agency. The following transactions were completed during the month. 2. 3. 4. 5. 6. 7. 8. 9. 10. Invested $13,000 cash to start the agency Paid $500 cash for April office rent. Purchased equipment for $3,800 cash. Incurred $600 of advertising costs in the Chicago Tribune, on account Paid $600 cash for office supplies. Performed services worth $10,000: $3,500 cash is received from customers, and the balance of $6.500 is billed to customers on account. Withdrew $600 cash for personal use. Paid Chicago Tribune $400 of the amount due in transaction (4). Paid employees' salaries $2,800. Received $3,500 in cash from customers who have previously been billed in transaction (6). (a) Your answer is partially correct. Try again. Complete the tabular analysis of the transactions. (If a transaction results or Equity item that was reduced. See Illustration 1-8 for example.) a decrease in Assets, Liabilities or Owner's Equity, place a ne Assets Owner's CLARK'S TRAVEL AGENCY Liabilities Accounts Equipment Pavable Cash + Accounts Receivable Supplies Owner's Capital Owner's Drawings 13,000 HP -600 mplete the tabular analysis of the transactions. (ir a transaction results in a decrease in Assets, Llabilities or Owner's Equity, place a negative sign (or parentheses) in fr Equity item that was reduced. See Illustration 1.8 for example.) CLARK'S TRAVEL AGENCY Llabilities Owner's Equity Assets Accounts Receivable + Supplies - Equipment Payable DODPLUUIII ndididadano -2000 19.500 Click if you would like to show Work for this questions Open Show Work
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