Oriole Computer Corporation had the following opening account balances at the end of April: Cash $ 4,000; Accounts Receivable $ 6,500; Accounts Payable $ 2,500; Common Shares $ 5,000; and Retained Earnings $ 3,000. It entered into the following transactions during the month of May:

1.		Purchased equipment on account for $ 8,300.
2.		Paid $ 2,100 for rent for the month of May.
3.		Provided computer services for $ 4,100 on account.
4.		Paid Ontario Hydro $ 300 cash for utilities used in May.
5.		Borrowed $ 19,900 from the bank.
6.		Paid supplier for equipment purchased in transaction 1.
7.		Purchased a one-year accident insurance policy for $ 500 cash.
8.		Received $ 3,200 cash in partial payment of the account owed in transaction 3.
9.		Declared and paid $ 500 of dividends to shareholders.
10.		Paid income tax of $ 250 for the month.