Can someone help me make thejournal entryThanks MESSAGE MY I

MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION . BACK Comprehensive Case 3 (Part Level Submission) Software Advisors L\'mited was organized on January 1, 2015. The company had the following transactions in the month of January: January 2 Issued 930 common shares for S 14 each. 3 Borrowed $46,500 from the bank on a long-term loan, 4 Finalized the lease for office space and paid the first month\'s rent of $2,790. 5 Purchased $37,200 of equipment for $18,600 cash and $18,600 on account. 10 Paid for an advertisement in a local paper, $470. 11 Purchased supplies on account, $930. 13 Paid for several advertising spots on the local radio station, $2,790. 15 Paid employees $6,980 for the first two weeks of work. 17 Summarized and recorded the billings to clients for the first two weeks of January. Billings totalled $13,950. These amounts are due by the 10th of the next month. 20 Paid $930 for the current month\'s office expenses. 24 Received $9,300 from clients in partial settlement of accounts billed on the 17th. 30 Paid annual insurance policy with coverage up to February 1, 2016, for $5,580. 30 Summarized and recorded the billings to clients for the last two weeks of January. Billings totalled $16,740. These amounts are due by the 28th 31 31 31 of the next month. Paid employees $6,980 for the last two weeks of work. Made a payment to the bank of $280 for interest on the bank loan and $650 to pay on the amount owing for the bank loan. Paid Canada Revenue Agency $1,120 for an income tax instalment. (a) [2] Your answer is partially correct. Try again. s image (1).png

Solution

Journal entries Date Accounting titles & Explanations Debit Credit 2-Jan Cash 13020 Common stock (930*14) 13,020 3-Jan Cash 46,500 Bank loan 46,500 4-Jan Rent expense 2,790 cash 2,790 5-Jan Equipment 37,200 cash 18,600 accounts payable 18,600 10-Jan Advertisement expense 470 cash 470 11-Jan Supplies 930 Accounts payable 930 13-Jan Advertising expense 2,790 cash 2,790 15-Jan Salary & wage expense 6,980 cash 6,980 17-Jan Accounts receivable 13,950 Revenue 13,950 20-Jan office expense 930 cash 930 24-Jan Cash 9,300 Accounts receivable 9,300 30-Jan prepaid insurance 5,580 Cash 5,580 30-Jan Accounts receivable 16,740 Revenue 16740 31-Jan Salary & wage expense 6,980 cash 6,980 31-Jan Bank loan 650 interest expense 280 cash 930 31-Jan income tax expense 1,120 cash 1,120