Current Attempt in Progress On April 1, Bonita Travel Agency began operations. The following...

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Accounting

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On April 1, Bonita Travel Agency began operations. The following transactions were completed during the month.
Owner invested $25,000 in the business.
Obtained a bank loan for $6,100 by issuing a note payable.
Paid $14,500 cash to buy equipment.
Paid $1,300 cash for April office rent.
Paid $1,400 for supplies.
Purchased $700 of advertising in the Daily Herald, on account.
Performed services for $24,000 : cash of $4,000 was received from customers, and the balance of $20,000 was billed customers on account.
Cash withdrawal of $500 by owner for personal use.
Paid the utility bill for the month, $3,700.
Paid Daily Herald the amount due in transaction (6).
Paid $60 of interest on the bank loan obtained in transaction (2).
Paid employees' salaries and wages, $6,000.
Received $12,000 cash from customers billed in transaction (7).
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