Question 9 View Policies Current Attempt in Progress On April 1, Teal Mountain Inc. began operations. The following transactions were completed during the month. 1. Issued common stock for $22,100 cash. 2. Obtained a bank loan for $6,400 by issuing a note payable. 3. Paid $10,100 cash to buy equipment. 4. Paid $1,100 cash for April office rent. 5. Paid $1,350 for supplies. 6. Purchased $550 of advertising in the Daily Herald, on account. 7. Performed services for $16,600: cash of $1,840 was received from customers, and the balance of $14,760 was billed to customers on account. 8. Paid $370 cash dividend to stockholders. 9. Paid the utility bill for the month, $1.840. 10. Paid Daily Herald the amount due in transaction (6). 11. Paid $40 of interest on the bank loan obtained in transaction (2). 12. Paid employees' salaries, $5,890. 13. Received $11,040 cash from customers billed in transaction (7). 14. Paid income tax $1,380. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do noti No. Account Titles and Explanation Debit Credit