Transaction analysis accounting

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1. On April 1, Julie Spengel established Spengel's Travel Agency. The following transactions were completed during the month. I. Invested $15,000 cash to start the agency. II. Paid $600 cash for April office rent. III. Purchased equipment for $3,000 cash. IV. Incurred $700 of advertising costs in the Chicago Tribune, on account. V. Paid $900 cash for office supplies. VI. Performed services worth $10,000:$3,000 cash is received from customers, and the balance of $7,000 is billed to customers on account. VII. Withdrew $600 cash for personal use. VIII. Paid Chicago Tribune $500 of the amount due in transaction (4). IX. Paid employees' salaries $2,500. X. Received $4,000 in cash from customers who have previously been billed in transaction (VI)