On January 1, 2020, Caroline Lampron and Jenni Meno formed a computer sales and service enterprise in Montreal by investing $113,400 cash. The new company, Bridgeport Sales and Service, had the following transactions in January: 1. Paid $7,560 in advance for three months' rent of office, showroom, and repair space. 2. 3. 4. 5. Purchased 40 personal computers at a cost of $1,890 each, 6 graphics computers at a cost of $3,780 each, and 25 printers at a cost of $567 each, paying cash on delivery. Sales, repair, and office employees earned $15,876 in salaries during January, of which $3,780 was still payable at the end of January. Sold 30 personal computers for $3,213 each, 4 graphics computers for $5,670 each, and 15 printers for $945 each. Of the sales amounts, $94,500 was received in cash in January and $38,745 was sold on a deferred payment plan. Other operating expenses of $10,584 were incurred and paid for during January; $2,520 of incurred expenses were payable at January 31.