1. After shopping around, Charles found an office to lease and signed a lease agreement. The lease calls for a payment of $940 rent per month. 2. Charles borrowed $3,760 from his grandmother to buy some office furniture for his new office. 3. Charles deposited the $3,760 plus $470 of his own cash in a new bank account at BMO under the name Petronick Accounting Services. 4. Paid the landlord the first month's rent. 5. Purchased office furniture for $3.102 on account. 6. Moved into the office and obtained the first assignment from a client to prepare year-end financial statements for $1,880. 7. Performed the work on the assignment and sent an invoice to the customer for $1,880. 8. Paid half of the amount of the purchase of office furniture. 9. Purchased office supplies on account for $282. 10. 11. 222 12. Paid $47 cash for internet services. Collected half of the amount owing from the customer referred to in #7. Charles withdrew $141 cash from the business for personal expenses.