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On April 1 , Oriole Travel Agency, Inc. began operations. The following transactions were completed during the month. Issued common stock for $ 1 9
On April Oriole Travel Agency, Inc. began operations. The following transactions were completed during the month.
Issued common stock for $ cash.
Obtained a bank loan for $ by issuing a note payable.
Paid $ cash to buy equipment.
Paid $ cash for April office rent.
Paid $ for supplies.
Purchased $ of advertising in the Daily Herald, on account.
Performed services for $ : cash of $ was received from customers, and the balance of $ was billed to customers on account.
Paid $ cash dividend to stockholders.
Paid the utility bill for the month, $
Paid Daily Herald the amount due in transaction
Paid $ of interest on the bank loan obtained in transaction
Paid employees' salaries, $
Received $ cash from customers billed in transaction
Paid income tax, $
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