Oriole Clean Dry Cleaners Inc, began operations on January 1, 2024. In its first year, the following transactions occurred:
a. Issued common shares for $126,000 cash.
b. Purchased dry cleaning equipment for $63,000 cash.
c. Purchased cleaning supplies, on account, for $9,408.
d. Used $8,400 of the supplies in cleaning operations.
e. Collected $104,160 from customers for dry cleaning services provided.
