Print bys HIMAN YOUSEFI ADM1340 Section P CHEN (W18)/ Assignment 1-Winter 2018 Comprehensive Case 3 (Part Level Submission) Software Advisors Limited was organized on January 1, 2015. The company had the folowing transactions in the month of January January Issued 1,080 common shares for $14 each. 2 3 Borrowed $54,000 from the bank on a long-term loan. 4 Finalized the lease for office space and paid the first month's rent of $3,240. 5 Purchased $43,200 of equipment for $21,600 cash and $21,600 on account 10 Paid for an advertisement in a local paper, $540. 11 Purchased supples on account, $1,080 3 Paid for several advertising spots on the local radio station, 53,240 15 17 Summarized and recorded the billings to dlients for the first two weeks of January Paid employees $8,100 for the first two weeks of work eilings totaled $16,200. These amounts are due by the 10th of the next month. 20 Paid $1,080 for the current month's office expenses 24 Recelved $10,800 from clients in partial settlement of accounts billed on the 17h 30 Paid annual insurance policy with coverage up to February 1, 2016, for $6,480 30 Summarized and recorded the bilings to dlients for the last two weeks of January Bilings totalled $19,440. These amounts are due by the 28th of the next month. 31 Paid employees $8,100 for the last two weeks of work Made a payment to the bank of $320 for interest on the bank loan and $760 to pay on the amount owing for t the bank loan 31 Paid Canada Revenue Agency $1,300 for an income tax instalment ournalize the January transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually, If no entry is requfred, select "No Entry for the account titles and enter O for the amounts.) Date Account Titles and Explanation Jan 2 Debit Credit 10