delete $16. 40 c 6. 0 00 Chapter 1: HW Problem NAME: AMY GUALL return Group #3 On April 1, Bill Taylor established Taylor Made Travel Agency. Following transactions were completed during the month: 1. Stockholders invested $8,000 cash in the business in exchange for common stock. 2. Paid $400 cash for April office rent. shift 3. Purchased office equipment for $2,500 cash. 4. Incurred $300 of advertising costs in the Chicago Tribune, on account. 5. Paid $500 cash for office supplies. 6. Performed services worth $8,500: $2,000 cash received from customers & balance of $6,500 is billed to customers on account nith of May 7. Declared and paid a $200 cash dividend. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees' salaries $2,000. 10. Received $5,700 in cash from customers billed previously in transaction (6). Instructions: Prepare a tabular analysis of the transactions using the following column headings: TAYLOR MADE TRAVEL AGENCY LiaBlies Stockholders Equity Accounts Accounts Common Retained Earnings Cash + Receivable + Supplies + Equipment = Payable Stock Revenues - Expenses - Dividends $8.coo $8.000 11 - $400 - $400(Rent ) N -$2.500 - 32.500 (equipment ) -+$ 300( AC'S ) - $200 (supplies) in $ 500 (supplies) + $6. 500 4$2 000 + $6.500 - $7oo admiden