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On April 1, Pharoah Travel Agency inc. was established. These transactions were completed during the...

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Accounting

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On April 1, Pharoah Travel Agency inc. was established. These transactions were completed during the month. 1. Stockholders invested $29,600 cash in the company in exchange for common stock. 2. Paid \$820 cash for April office rent. 3. Purchased office equipment for $3,110 cash. 4. Purchased $250 of advertising in the Chicago Tribune, on account. 5. Paid $540 cash for office supplies. 6. Performed services worth $12,200. Cash of $4,000 is received from customers, and the balance of $8,200 is billed to customers on account. 7. Paid $260 cash dividend. 8. Paid Chicogo Tribune amount due in transaction (4). 9. Paid employees' salaries $1,420, 10. Received $8,200 in cash from customers billed previoushy in transaction (6). (1) s (2) (3) (4) (5) (6) (7) (8) Question 14 of 53 -110 i (1) $ (2). (3) (4) (5) (6) (7) (8) (9) (10) Stockholders' Equity Retained Earnings Revenues Expenses Dividends 5

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