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Carla Vista Advisors Limited was organized on January 1, 2021. The company had the following transactions in the month of January: January 2 Issued 1,100

Carla Vista Advisors Limited was organized on January 1, 2021. The company had the following transactions in the month of January: January 2 Issued 1,100 common shares for $64 each. 4 5 8 10 11 12 15 17 19 24 25 26 29 30 Finalized a lease for office space and paid the first month's rent of $3,300. Purchased $43,000 of equipment for $10,000 cash and financed the remainder with a long-term bank loan. Paid for an advertisement in a local paper, $490. Purchased supplies on account, $1,000. Paid for several advertising spots on the local radio station, $2,800. Paid employees $7,700 for the first two weeks of work. Summarized and recorded the billings to clients for the first two weeks of January. Billings totalled $14,400. These amounts are due by the 12th of the next month. Paid $1,100 for office expenses. Paid annual insurance policy with coverage up to December 31, 2021, for $5,900. Received $10,300 from clients in partial settlement of accounts billed on the 15th. Declared and paid $530 of dividends to shareholders. Paid employees $7,700 for the previous two weeks of work. Summarized and recorded the billings to clients for the prior two weeks. Billings totalled $19,400. These amounts are due by the 26th of the next month. Made a payment to the bank of $180 for interest on the bank loan and $690 to pay on the amount owing for the bank loan. E
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Carla Vista Advisors Limited was organized on January 1.2021. The company had the following transactions in the month of January: January 2 Issued 1,100 common shares for \$64 each. 4 Finalized a lease for offee spree and paid the first month's rent of $3,300, 5. Purchased $43,000 of equipment for $10,000 cash and financed the remainder with a longeterm bank loan. 8 Paid for an advertisement in a local paper, $490. 10 Purchased supplies on account, $1,000. 11 Paid for several advertising spots on the local radio station, $2,800. 12 Paid employees $7.700 for the first tho weeks of work. 15 Summarized and recorded the billings to clients for the first two weeks of January, Billings totalled $14,400, These amounts are due by the 12 th of the next month: 17 Paid $1,100 for office expenses. 19 Paid annual insurance policy with coverage up to December 31,2021 , for $5,900. 24 Received $10,300 from clients in partial settlement of accounts billed on the 15 th. 25 Declared and paid $530 of dividends to shareholders. 26 Paid employees $7,700 for the previous two weeks of work. 29 Summarized and recorded the billings to clients for the prior two weeks. Billings totalled $19,400. These amounts are due by the 26 th of the next month. 30 Made a payment to the bank of $180 for interest on the bank loan and $690 to pay on the amount owing for the bankloan. 15 Summanzed and recoroca the bitangs to chencs foc the first two weeks of janusry bedings totailed saypuo inese amounts are due by the 12 th of the next nonth. 17 Paid $1.100 far office expenses: 19. Paid annual insurance policy with coverage up to December 31,2021, for $5,900. 24 Recelved $10.300 from clients in partial settlement of accounts billed on the 15 th. 25 Declared and paid $530 of dividends to shareholders. 26 Paid employees $7,700 for the previous two weeks of work 29 Summarized and recorded the billings to clients for the prike two weeks. Bulings totalled $19,400. These amounts are due by the 26 th of the next month. 30 Made a payment to the bank of $180 for interest on the bank loan and $690 to pay on the amount owing for the bankloar. 31 Paid the Camada Revenue Agency \$1,400 for an income taxinstalment. (a) Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manuolly. If no entry is requited, select 'Na Entry" for the account titles and enfer o for the amounts. Record journol entries in the order presented in the

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