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On April 1, 2018 Vince Morelli established Vinces Travel Agency. The following transactions were completed...

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Accounting

On April 1, 2018 Vince Morelli established Vinces Travel Agency. The following transactions were completed during the month.

April 1: Invested $15,000 cash to start the agency. April 5: Paid $600 cash for April office rent. April 8: Purchased office equipment for $3,000 paying 800 cash and the remaining balance on account. April 12. Incurred $700 of advertising costs in the Chicago Tribune, on account. April 15. Paid $800 cash for office supplies. April 17. Earned $10,000 for services rendered: $3,000 cash is received from customers, and the balance of $7,000 is billed to customers on account. April 20. Withdrew $500 cash for personal use. April 24. Paid Chicago Tribune $500 of the amount due in transaction (4). April 28. Paid employees salaries $2,500. April 30. Received $4,000 in cash from customers who have previously been billed in April 17.

Requirements:

Prepare a tabular summary of the transactions for the month of April 30, 2018. Use the following format:

Date

ASSETS =

LIABILITIES

+ OWNERS EQUITY

Cash

A/C receivable

Supplies

Equipment

A/C

payable

Capital

Drawings

Revenues

Expenses

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