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Question 1 of 1 - 1 0 0 Ivanhoe Advisors Limited was organized on January 1 , 2 0 2 4 . The company had
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Ivanhoe Advisors Limited was organized on January
The company had the following transactions in the month of January:
Jan. Issued common shares for $ each.
Finalized a lease for office space and paid the first month's rent of $
Purchased $ of equipment for $ cash and financed the remainder with a longterm bank loan.
Paid for an advertisement in a local paper, $
Purchased supplies on account, $
Paid for several advertising spots on the local radio station, $
Paid employees $ for the first two weeks of work.
Summarized and recorded the billings to clients for the first two weeks of January. Billings totalled $ These amounts are due by the th of the next month.
Paid $ for office expenses.
Paid annual insurance policy with coverage up to December for $
Received $ from clients in partial settlement of accounts billed onthe th
Declared and paid $ of dividends to shareholders.
Paid employees $ for the previous two weeks of work.
Summarized and recorded the billings to clients for the prior two weeks. Billings totalled $ These amounts are due by the th of the next month.
Made a payment to the bank of $ for interest on the bank loan and $ to pay on the owing for the bank loan.
:
Paid the Canada Revenue Agency $ as an income tax instalment.
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