Question 10 of 11 3.92/12 View Policies Show Attempt History Current Attempt in Progress 1. 2 3. 4. On April 1, Kingbird Travel Agency Inc. was established. These transactions were completed during the month. Stockholders invested $30,600 cash in the company in exchange for common stock Paid $918 cash for April office rent. Purchased office equipment for $3,468 cash. Purchased $204 of advertising for the month in the Chicago Tribune, on account 5. Paid $510 cash for office supplies. Performed services worth $12,240. Cash of $3,060 is received from customers and the balance of $9,180 is billed to 6. customers on account Paid $408 cash dividend 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees' salaries $1,836. Received 59.180 in cash from customers billed previously in transaction (6). 7. 10. (a) Your answer is partially correct. Prepare a tabular analysis of the above transactions. Include margin explanations for any changes in revenues or expenses of a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced) Assets Cash Accounts Receivable Supplies $ 3