On April 1, Oriole Travel Agency, Inc. began operations. The following transactions were completed during the month. 1. 2. 4. 5. 6. 2. 3. 7. 11. 8. 10. 12. 13. 14. 9. Issued common stock for $25,400 cash. Obtained a bank loan for $7,400 by issuing a note payable. Paid $11,700 cash to buy equipment. Paid $1,300 cash for April office rent. Paid $1,550 for supplies. Purchased $640 of advertising in the Daily Herald, on account. Performed services for $19,100: cash of $2,120 was received from customers, and the balance of $16,980 was billed to customers on account. Paid $420 cash dividend to stockholders. Paid the utility bill for the month, $2,120. Paid Daily Herald the amount due in transaction (6). Paid $40 of interest on the bank loan obtained in transaction (2). Paid employees' salaries, $6,780. Received $12,720 cash from customers billed in transaction (7). Paid income tax, $1,590. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) No. Account Titles and Explanation Debit Credit

On April 1, Oriole Travel Agency, Inc, began operations. The following transactions were completed during the month. 1. Issued common stock for $25,400 cash. 2. Obtained a bank loan for $7,400 by issuing a note payable. 3. Paid $11,700 cash to buy equipment. 4. Paid $1,300 cash for April office rent. 5. Paid $1,550 for supplies. 6. Purchased $640 of advertising in the Daily Herald, on account. 7. Performed services for $19,100 : cash of $2,120 was recelved from customers, and the balance of $16,980 was billed to customers on account 8. Paid $420 cash dividend to stockholders: 9. Paid the utility bill for the month, $2,120. 10. Paid Doily Herold the amount due in transaction (6). 11. Paid $40 of interest on the bank loan obtained in transaction (2). 12. Paid employees' salaries, $6,780. 13. Recelved $12.720 cash from customers billed in transaction (7). 14. Paid income tax, $1,590 Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts, Credit occount tities are automatically indented when amount is entered. Do not indent manuolly. List all debit entries before credit entries)