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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

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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 $19,700 cash.
Obtained a bank loan for $5,700 by issuing a note payable.
Paid $9,000 cash to buy equipment.
Paid $1,000 cash for April office rent.
Paid $1,200 for supplies.
Purchased $490 of advertising in the Daily Herald, on account.
Performed services for $14,800 : cash of $1,640 was received from customers, and the balance of $13,160 was billed to customers on account.
Paid $330 cash dividend to stockholders.
Paid the utility bill for the month, $1,640.
Paid Daily Herald the amount due in transaction (6).
Paid $30 of interest on the bank loan obtained in transaction (2).
Paid employees' salaries, $5,250.
Received $9,840 cash from customers billed in transaction (7).
Paid income tax, $1,230.
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