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s $-$ Advertising Expense Dividends Rent Expense Salaries and Wages Expense Service Revenue From an analysis of the Retained Earnings columns, compute the net income
s $-$ Advertising Expense Dividends Rent Expense Salaries and Wages Expense Service Revenue From an analysis of the Retained Earnings columns, compute the net income or net loss for April. (Enter loss using either a negotive sign preceding the number e. -45 or parentheses eg. (45).) Net Income / (Loss) for April Stockholders' Equity Retained Earnings Revenues Expenses Dividends \$ Advertising Expense Dividends Rent Expense Salaries and Wages Expense Service Revenue Assets Cash + Accounts Receivable ++ Supplies ++ (1) \$ (2) (3) (4) (5) (6) (7) (8) (9) On April 1. Carla Vista Travel Agency Inc. was established. These transactions were completed during the month. 1. Stockholders invested $28,900 cash in the company in exchange for common stock. 2. Paid $840 cash for April office rent. 3. Purchased office equipment for $3,300 cash. 4. Purchased $370 of advertising in the Chicago Tribune, on account: 5. Paid $510 cash for office supplies. 6. Performed services worth $12,600. Cash of $3,200 is received from customers, and the balance of $9,400 is billed to customers on account. 7. Paid $510 cash dividend. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees' salaries $1,280. 10. Received $9,400 in cash from customers billed previously in transaction (6). 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, Llabilities or Stockholders' Equity, ploce a negotlve sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)
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