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SANDHIL TRAVEL AGENCY INC. Stockholders' Equity Prepare a tabular analysis of the above transactions. Include margin explanations for any changes in Retained Earnings. (If a
SANDHIL TRAVEL AGENCY INC. Stockholders' Equity Prepare a tabular analysis of the above transactions. Include margin explanations for any changes in Retained Earnings. (If a transoction couses a decrease in Assets, Labilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llabillty or Equity item that was reduced.) On April 1, Sandhill Travel Agency Inc was established. These tranactions were completed during the month. 1. Stockholders invested $31,000 cash in the company in exchange for common stock. 2. Paid $870 cash for April office rent. 3. Purchased office equipment for $3,530 cash. 4. Purchased $370 of advertising in the Chicago Tribune, on account. 5. Paid $530 cash for office supplies. 6. Performed services worth $11,300. Cash of $3,400 is received from customers, and the balance of $7,900 is billed to customers on account. 7. Paid $250 cash dividend. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paidemployees' salaries $1,480. 10. Received $7,900 in cash from customers billed previously in transaction (6)
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