Equipment Accounts Payable 1' Advertising Expense J 11' Accounts Payable 1 Advertising Expense 1 Salaries Expense 1 Accounts Receivable I; I Inaarnarl Dnunnna il \\J E! oooooI E! | zooooI E3 | oooooI E! I '_:I II! ooooI E3 |110] E3 ooooI E3 | ooooI E3 oosoI E! | ozooI E3 oooooI !Il% 1!: mm nliru I (a 7nnn-'!n1n 'Inl-In HUTlau 9. Can: Tune- A\" Dinhl-e Dneanlnr. J'\\ ni-IiEinn nF 'Inhn \"Vila" 2. Can: Tru- Comprehensive Case 3 (Part Level Submission) Software Advisors Limited was organized on January 1, 2015. The company had the following transactions in the month of January: January 2 Issued 870 common shares for $13 each. 3 Borrowed $43,500 from the bank on a longterm loan. 4 Finalized the lease for ofce space and paid the first month's rent of $2,610. 5 Purchased $34,800 of equipment for $17,400 cash and $17,400 on account. 10 Paid for an advertisement in a local paper, $440. 11 Purchased supplies on account, $870. 13 Paid for several advertising spots on the local radio station, $2,610. 15 Paid employees $6,530 for the rst two weeks of work. 17 Summarized and recorded the billings to clients for the rst two weeks of January. Billings totalled $13,050. These amounts are due by the 10th of the next month. 20 Paid $870 for the current month's office expenses. 24 Received $8,700 from clients in partial settlement of accounts billed on the 17th. 30 Paid annual insurance policy with coverage up to February 1, 2016, for $5,220. 30 Summarized and recorded the billings to clients for the last two weeks of January. Billings totalled $15,660. These amounts are due by the 28th of the next month. 31 Paid employees $6,530 for the last two weeks of work. 31 Made a payment to the bank of $260 for interest on the bank loan and $610 to pay on the amount owing for the bank loan. 31 Paid Canada Revenue Agency $1,040 for an income tax instalment. v (3) Your answer is partially correct. Try again. Journalize the January transactions. ( Credit account titles are automatically indented when the amount is and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Jan- 15,500 Common Shares 16,500 Bank Loan Payable 3,300 Cash 3,300 Equipment 44,000 .h K K K [a K K K K 'g n n '1 a: Si a: In In '0 3' 3' E. 0. JV m 3 . Accounts Payable 22,000 22,000 llllllllll llllllllll K K I m In