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[intro] On April 1, Adventures Travel Agency Inc. began operations. The following transactions were completed during the month:

1.		Issued common shares for $5,000 cash.
2.		Obtained a bank loan for $20,000.
3.		Paid $11,000 cash to buy equipment.
4.		Paid $1,200 cash for April office rent.
5.		Paid $1,450 for supplies.
6.		Purchased $600 of newspaper advertising on account.
7.		Earned $18,000 for services performed: cash of $2,000 was received from customers, and the balance was billed to customers on account.
8.		Declared and paid $400 of dividends to shareholders.
9.		Paid the utility bill for the month, $2,000.
10.		Paid the amount due for newspaper advertising in transaction 6.
11.		Paid $100 of interest on the bank loan obtained in transaction 2.
12.		Paid employees salaries, $6,400.
13.		Received $12,000 cash from customers billed in transaction 7.
14.		Paid income tax, $1,500.

Prepare an equation analysis of the effects of the above transactions on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Shareholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3.2 for example.)

	Assets								=		Liabilities			+		Shareholders Equity
																		Retained Earnings
Transaction		Cash	+	Accounts Receivable	+	Supplies	+	Equipment	=		Accounts Payable	+	Bank Loan Payable	+		Common Shares	+	Revenues	-	Expenses	-	Dividends Declared
1.	$		$		$		$			$		$			$		$		$		$
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Apr. 30 Bal.	$		$		$		$

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