Reference no: EM133103348

Question - At the beginning of March, Oriole Software Company had Cash of $11,587, Accounts Receivable of $17,909, Accounts Payable of $4,128, and G. Oriole, Capital of $25,368. During the month of March, the following transactions occurred.

1. Purchased equipment for $23,339 from Digital Equipment. Paid $2,739 cash and signed a note payable for the balance.

2. Received $12,384 from customers for contracts billed in February.

3. Paid $3,178 for March rent of office space.

4. Paid $2,419 of the amounts owing to suppliers at the beginning of March.

5. Provided software services to Kwon Construction Company for $7,055 cash.

6. Paid BC Hydro $977 for energy used in March.

7. G. Oriole withdrew $4,531 cash from the business.

8. Paid Digital Equipment $2,163 on account of the note payable issued for the equipment purchased in transaction 1. Of this, $103 was for interest expense.

9. Hired an employee to start working in April.

10. Incurred advertising expense on account for March, $1,394.

Required - Prepare a tabular analysis of the above transactions. The first row contains the amounts the company had at the beginning of March.