Julia Dumars is a licensed CPA During the first month of

Last updated: 1/23/2023

Julia Dumars is a licensed CPA During the first month of operations of her business Skysong Inc the following events and transactions occurred May 1 2 3 7 11 12 17 31 a 31 Stockholders invested 22 300 cash in exchange for common stock Hired a secretary receptionist at a salary of 2 500 per month Purchased 1 600 of supplies on account from Vincent Supply Company Paid office rent of 750 cash for the month Completed a tax assignment and billed client 2 100 for services performed Received 2 900 advance on a management consulting engagement Received cash of 1 500 for services performed for Orville Co Paid secretary receptionist 2 500 salary for the month Paid 40 of balance due Vincent Supply Company Julia uses the following chart of accounts No 101 Cash No 112 Accounts Receivable No 126 Supplies No 201 Accounts Payable No 209 Unearned Service Revenue No 311 Common Stock No 400 Service Revenue No 726 Salaries and Wages Expense and No 729 Rent Expense