Question

I need to complete the tabular analysis of the transactions.

On April 1, Nancy Jackson established Jackson’s Travel Agency. The following transactions were completed during the month.

1. Invested $14,000 cash to start the agency.

2. Paid $600 cash for April office rent.

3. Purchased equipment for $3,800 cash.

4. Incurred $600 of advertising costs in the Chicago Tribune, on account.

5. Paid $900 cash for office supplies.

6. Performed services worth $11,000: $3,300 cash is received from customers, and the balance of $7,700 is billed to customers on account.

7. Withdrew $500 cash for personal use.

8. Paid Chicago Tribune $400 of the amount due in transaction (4).

9. Paid employees' salaries $2,900.

10. Received $4,700 in cash from customers who have previously been billed in transaction (6)

		Cash	+	Accounts Receivable	+	Supplies	+	Equipment	=	Accounts Payable	+	Owner’s Capital	–	Owner’s Drawings	+	Revenues	–	Expenses
1.		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
2.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
3.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
4.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
5.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
6.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
7.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
8.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
9.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
10.		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount	=	$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount

Answer 1

		Accounts				Accounts	owner's	owner's
	Cash      +	Receivables    +	Supplies   +	equipment	=	payables +	capital    -	drawings +	revenue -	expenses
1	$14000						$14000
2	($600)									$600
3	($3800)			$3800
4	($600)									$600
5	($900)		$900
6	$3300	$7700							$11000
7	($500)							$500
8	($400)									$400
9	($2900)									$2900
10	$4700	($4700)
Total	$12300    +	$3000                +	$900       +	$3800	=		$14000 -	$500        +	$11000   -	4500