Question 7 of 8 > - 12 ili VYTIS Current Attempt in Progress On April 1, Teal Mountain Inc. began operations. The following transactions were completed during the month. 1. 2. 3. 4. 5. 6. 7. Stockholders invested $22,100 in the business in exchange for common stock. Obtained a bank loan for $6,400 by issuing a note payable. Paid $10,100 cash to buy equipment. Paid $1,100 cash for April office rent. Paid $1,350 for supplies. Purchased $550 of advertising in the Daily Herald, on account. Performed services for $16,600: cash of $1,840 was received from customers, and the balance of $14.760 was billed to customers on account. Paid $370 cash dividend to stockholders. Paid the utility bill for the month, $1,840. Paid Daily Herald the amount due in transaction (6). Paid $40 of interest on the bank loan obtained in transaction (2). Paid employees' salaries and wages, $5.890. Received $11,040 cash from customers billed in transaction (7). 8. 9. 10. 11. 12. 13. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debit Credit No. Account Titles and Explanation 1