Lurrent Attempt in Progress On April 1, Sage Hill Inc. began operations. The following transactions were completed during the month. 1. Issued common stock for $19,700 cash. 2. Obtained a bank loan for $5,700 by issuing a note payable. 3. Paid $9,000 cash to buy equipment. 4. Paid $1,000 cash for April office rent. 5. Paid $1,200 for supplies. 6. Purchased $490 of advertising in the Daily Herald, on account. 7. Performed services for $14,800: cash of $1,640 was received from customers, and the balance of $13,160 was billed to customers on account. 8. Paid $330 cash dividend to stockholders. 9. Paid the utility bill for the month, $1,640. 10. Paid Daily Herald the amount due in transaction (6). 11. Paid $30 of interest on the bank loan obtained in transaction (2). 12. Paid employees' salaries, $5,250. 13. Received $9,840 cash from customers billed in transaction (7). 14. Paid income tax, $1,230. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit