PART 1: Required: Record the following transactions in the Transaction Analysis on the following tab: On...

 

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PART 1: Required: Record the following transactions in the Transaction Analysis on the following tab: On April 1, Ed Hillary established Himalaya Travel Agency. The following actions were completed during April. 1. Invested $15,000 cash to start the agency. 2. Paid $600 cash for April office rent. 3. Purchased equipment for $3,000 cash. 4. Incurred $700 of advertising costs in the Denver Post, on account. 5. Paid $900 for office supplies 6. Performed guiding services worth $10,000; $3,000 cash is received from treking customers, and the balance of $7,000 is billed to customers on account. 7. Withdrew $600 cash for personal use. 8. Paid the Denver Post $500 of the amount due. 9. Paid guides salaries of $2,500. 10. Received $4,000 in cash from treking customers who have previously been billed. PART 1: Required: Record the following transactions in the Transaction Analysis on the following tab: On April 1, Ed Hillary established Himalaya Travel Agency. The following actions were completed during April. 1. Invested $15,000 cash to start the agency. 2. Paid $600 cash for April office rent. 3. Purchased equipment for $3,000 cash. 4. Incurred $700 of advertising costs in the Denver Post, on account. 5. Paid $900 for office supplies 6. Performed guiding services worth $10,000; $3,000 cash is received from treking customers, and the balance of $7,000 is billed to customers on account. 7. Withdrew $600 cash for personal use. 8. Paid the Denver Post $500 of the amount due. 9. Paid guides salaries of $2,500. 10. Received $4,000 in cash from treking customers who have previously been billed.

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