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On April 1, Cullumber Travel Agency inc was established. These transactions were completed during the month. 1. Stockholders invested $30,400 cash in the company in exchange for common stock. 2. Paid $780 cash for April otfice rent. 3. Purchased office equipment for $3,940cash. 4. Purchased $290 of advertising in the Chicago Tribune, on account. 5. Paid $470 cash for office stipplies. 6. Performed services worth $11,100. Cash of $3,200 is received from customers, and the balance of $7,900 is billed to customers on account. 7. Paid 5590 cash dividend. 8. Paid Chicogo Tribune amount due in transaction (4). 9. Paid employees' salaries $1,320. 10. Received $7,900 in cash from customers billed previously in transaction (6). Prepare a tabular analysis of the above transactions. Include margin explanations for any changes in Retained Earnings. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Question 1 of 3 13i \begin{tabular}{l} Assets \\ \hline Cash + Accounts Receivable + Supplies + Equipment \\ \hline \end{tabular} $ $ 5 Question 1 of 3 13 Revenues I Stockholders' Equity Retained Earnings Revenues Expenses Dividends $ $

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