Question 1 of 2 < View Policies Current Attempt in Progress On April 1, Sage Hill Inc. was established. These transactions were completed during the month. 1. 2. 3. 4. 5. 6. Stockholders invested $28.900 cash in the company in exchange for common stock. Paid $660 cash for April office rent. Purchased office equipment for $3,810 cash. Purchased $120 of advertising in the Chicago Tribune, on account. Paid $490 cash for office supplies. -16 E Performed services worth $11.000. Cash of $2.900 is received from customers, and the balance of $8,100 is billed to customers on account. Paid $500 cash dividends. Paid Chicago Tribune amount due in transaction (4). 7. 8. 9. Paid employees' salaries $1.430. 10. Received $8,100 in cash from customers billed previously in transaction (6). (a) Prepare a tabular analysis of the above transactions. Include margin explanations for any changes in Retained Earnings. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example.)