On April 1, Sharon Lee established Lee's Travel Agency. The following transactions were completed during the month.
1. Invested $14,000 cash to start the agency.
2. Paid $500 cash for April office rent.
3. Purchased equipment for $2,000 cash.
4.Incurred $900 of advertising costs in the Chicago Tribune, on account.
5. Paid $900 cash for office supplies.
6. Performed services worth $11,000: $3,500 cash is received from customers, and the balance of $7,500 is billed to customers on account.
7. Withdrew $400 cash for personal use.
8. Paid Chicago Tribune $700 of the amount due in transaction (4).
9. Paid employees' salaries $2,900.
10. Received $4,500 in cash from customers who have previously been billed in transaction (6).
Requried:
Complete the tabular analysis of the transactions.
