Oriole Advisors Limited was organized on January 1, 2021. The company had the following transactions in the month of January: January 2 Issued 900 common shares for $63 each. 4 Finalized a lease for office space and paid the first month's rent of $2,700. 5 Purchased $40,000 of equipment for $9,000 cash and financed the remainder with a long-term bank loan. 8 Paid for an advertisement in a local paper, $500. 10 11 112 22 12 55 15 17 47 19 222 24 Purchased supplies on account, $1,000. Paid for several advertising spots on the local radio station, $2.700. Paid employees $7,700 for the first two weeks of work. Summarized and recorded the billings to clients for the first two weeks of January. Billings totalled $16,500. These amounts are due by the 12th of the next month. Paid $900 for office expenses. Paid annual insurance policy with coverage up to December 31, 2021, for $5,700. Received $10,500 from clients in partial settlement of accounts billed on the 15th 25 Declared and paid $470 of dividends to shareholders. 26 26 29 Paid employees $7.700 for the previous two weeks of work. Summarized and recorded the billings to clients for the prior two weeks. Billings totalled $18,700. These amounts are due by the 26th of the next month. Made a payment to the bank of $200 for Interest on the bank loan and $760 to pay on the amount owing for the