On April 1, DeDonder Travel Agency Inc. was established. These transactions were completed during the month.;1. Stockholders invested $28,655 cash in the company in exchange for common stock.;2. Paid $818 cash for April office rent.;3. Purchased office equipment for $3,036 cash.;4. Purchased $205 of advertising in the Chicago Tribune, on account.;5. Paid $332 cash for office supplies.;6. Performed services worth $12,892. Cash of $3,096 is received from customers, and the balance of $9,796 is billed to customers on account.;7. Paid $456 cash dividends.;8. Paid Chicago Tribune amount due in transaction (4).;9. Paid employees? salaries $1,300.;10. Received $9,796 in cash from customers billed previously in transaction (6).;(a) Prepare a tabular analysis of the above transactions.;(b) From an analysis of the Retained Earnings columns, compute the net income or net loss for April.
Paper#24414 | Written in 18-Jul-2015Price : $27