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Problem 1-01A a-b (Part Level Submission) On April 1, Patricla Johnson established Johnson's Trovel Agency. The following transactions were completed during the month 1 Invested
Problem 1-01A a-b (Part Level Submission) On April 1, Patricla Johnson established Johnson's Trovel Agency. The following transactions were completed during the month 1 Invested $16,000 cash to start the agency. 2. Paid $500 cash for April oTice rent. 3. Purchased equipment for $2,100 cash 4. incurred $60D of advertising costs in the Chicago Tribune, n ooount. 5. Paid $800 cash for ofrice supplies 6. Performed services worth $10,000: $3,300 cash is received from astomers, and the balance of $6,700 is billed to customers on account. 7. Withdrew sGo0 cash far personal use 8. Paid Chicago Tibune $400 of the amount due in transaction (4) 9. Paid employees salaries $2,800 10. Received 3,7DD in cash from customers who have previously been billed in transaction () Complete the t bula anel sis of the transections. If transaction results rn decrease item that was reduced. See Ilustration I-8 for cxample. Assets, Liabilities or Owner's Equity, place negative sign or parentheses in front of the 'mount entered for the particular Asset, Liability or Equity OHNSON'S TRAVEL AGENCY Assets Liabilities6 Owner's Equity Owner's CapitalDrawings + Revenues Expenses Owner's Cash + ReceivableSuppliesEquipmentPayable 1. 2. 3. 6 8. 9. 10
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