transactions were completed during the month: 1. Invested 515,00 cash to start the agency. 2. Paid $400 cash for April office rent. 4. Incured 5300 of advertising costs in the Chicago Tribune, on account. 3. Purchased office equipment for 52,500 cash. 5. Paid 5600 cash for office supplies. the balance of $8,00 is billed to customers on account. 7. Withdrew 5200 cash for personal use. 8. Paid Chicago Tribune amount due in transaction (4). 10. Received $8,000 in cash from customers who have previously been billed in transac- 9. Paid employees' salaries, $2,200. tion (6) Instructions (a) Prepare a tabular analysis of the transactions using the following column headings: Cash. Accounts Receivable, Supplies, Office Equipment, Accounts Payable, and Merle Peper, Capital. (b) From an analysis of the column, Merle Peper, Capital, compute the net income or net loss for April