tabular analysis

Assets = liab+ equity

Homework #1 On April 1. Julie Spengel established Spengel's Travel Agency The following transactions were completed during the month. 1. Invested S15,000 cash to start the agency. 2. Paid $600 cash for April office rent. 3. Purchased equipment for $3,000 cash. 4. Incurred 5700 of advertising costs in the Chicago Tribune, on account 5. Paid 5900 cash for office supplies. 6. Performed services worth $10,000 $3,000 cash is received from customers, and the balance of $7,000 is billed to customers on account. 7. Withdrew 5600 cash for personal use 8. Paid Chicago Tribune $500 of the amount due in transaction (4). 9. Paid employees' salaries $2,500, 10. Received $4.000 in cash from customers who have previously been billed in transaction (6)