Chin Consulting Service, Inc., engaged in the following transactions during March 19X3, its first month of operations:

Mar. 1 Rudy Chin invested \(\$ 59,000\) of cash to start the business. The corporation issued common stock to Chin.

2 Purchased office supplies of \(\$ 200\) on account.

4 Paid \(\$ 40,000\) cash for a building to use as a future office.

6 Performed service for customers and received cash, \(\$ 2,000\).

9 Paid \(\$ 100\) on accounts payable.

17 Performed service for customers on account, \(\$ 1,600\).

23 Received \(\$ 1,200\) cash from a customer on account.

31 Paid the following expenses: salary, \(\$ 1,200\); rent, \(\$ 500\).

\section*{Required}

Record the preceding transactions in the journal of Chin Consulting Service, Inc. Key transactions by date and include an explanation for each entry, as illustrated in the chapter. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Building; Accounts Payable; Common Stock; Service Revenue; Salary Expense; Rent Expense.