Sandhill Advisors Limited was organized on January $1,2024.$

The company had the following transactions in the month of January:

Jan. $2$ Issued $1,100$ common shares for $$68$ each.

$4$ Finalized a lease for office space and paid the first month's rent of $$3,300.$

$5$ Purchased $$38,000$ of equipment for $$10,000$ cash and financed the remainder with a long$-$term bank loan.

$8$ Paid for an advertisement in a local paper, $$480.$

$10$ Purchased supplies on account, $$900.$

$11$ Paid for several advertising spots on the local radio station, $$3,300.$

$12$ Paid employees $$6,800$ for the first two weeks of work.

$15$ Summarized and recorded the billings to clients for the first two weeks of January. Billings totalled $$14,800.$ These amounts are due by the $12$ th of the next month.

$17$ Paid $$900$ for office expenses.

$19$ Paid annual insurance policy with coverage up to December $31,2024,$ for $$6,400.$

$24$ Received $$9,900$ from clients in partial settlement of accounts billed on the $15$ th$.$