Current Attempt $in$ Progress

$On$ April $1,$ Dorothy Taylor established Taylor's Travel Agency. The following transactions were completed during the month.

Invested $$16,000$ cash $to$ start the agency.

Paid $$700$ cash for April office rent.

Purchased equipment for $$3,400$ cash.

Incurred $$800of$ advertising costs $in$ the Chicago Tribune, $on$ account.

Paid $$600$ cash for office supplies.

Performed services worth $$10,000$ : $$3,200$ cash $is$ received from customers, and the balance $of$ $$6,800is$ billed $to$

customers $on$ account.

Withdrew $$600$ cash for personal use.

Paid Chicago Tribune $$600of$ the amount due $in$ transaction $(4).$

Paid employees' salaries $$2,600.$

Received $$3,800in$ cash from customers who have previously been billed $in$ transaction $(6).$ Complete the tabular analysis $of$ the transactions. $(If$ a transaction results $in$ a decrease $in$ Assets, Liabilities $or$ Owner's Equity, place $a$

negative sign $(or$ parentheses$)in$ front $of$ the amount entered for the particular Asset, Liability $or$ Equity item that was reduced. See

Illustration $1-8$ for example.$)$

Assets

$

$

Accounts

Receivable

$+$

Supplies

$+$

Equipment