Prepare a tabular analysis of the above transactions. Include margin explanations for any changes in...
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Accounting



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 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.) On April 1, Wildhorse Travel Agency Inc. was established. These transactions were completed during the month. 1. Stockholders invested $30,300 cash in the company in exchange for common stock. 2. Paid $540 cash for April office rent. 3. Purchased office equipment for $3,830 cash. 4. Purchased $330 of advertising in the Chicago Tribune, on account. 5. Paid $480 cash for office supplies. 6. Performed services worth $12,900. Cash of $2,900 is received from customers, and the balance of $10,000 is billed to customers on account. 7. Paid $590 cash dividend. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees' salaries $1,100. 10. Received $10,000 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
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