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Selected transactions for Oriole Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $21,000 cash. 2 Paid $1,400 cash for rent for the month of September. 5 Purchased equipment for $10,500, paying $2,100 in cash and the balance on account. 8 Earned $7,200 in revenue, receiving $1,000 cash and $6,200 on account of services provided. 12 Incurred $600 in advertising expense on account. 20 Paid $3,300 for repairs and maintenance expenses. 25 Paid $5,300 cash on balance owed for equipment. 27 Incurred and paid income taxes for the month amounting to $800. 30 Declared and paid a $400 cash dividend. Your answer is partially correct. Prepare a trial balance at September 30, 2018. ORIOLE CORPORATION Trial Balance September 30, 2018 Cash Common Shares Service Revenue Dividends Declared Accounts Payable Totals Credit $ 400

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