You started corporation form of business with issue of total 4000 @ 3 per share common shares in the year 2022 and money is received in cash. See following information :

1. First issued 1500 common share outstanding for 5 months @ 3 per share

2. Later company issued 2500 common share outstanding for 7 months @ 3 per share

3. Deposited $7500 cash into Scotia Bank.

4. Commission is paid $250 by cash

5. Rent of building paid by

6. Received $6000 cash as service revenue 7. Laptop is purchased for business of $ 500 and payment is made by cheque 8. Advertisement Expenses are paid by cheque $320 9. Long term loan $2500 is taken from scotia bank 10.Bought Furniture on Credit from IKEA $ 1000 11. short term loan from friend Ms. Meera Cash $1100 12. Assume Income Tax is 20% on Profit is due to CRA but not paid at the end of year. 13. Dividend is paid 10% on Net Profit ( Profit Tax) by cheque to its shareholders.