1. Jan 1 Issued 8,000 shares of common stock for $40,000 cash. 2. Jan 2 Purchased $48,000 of office equipment by paying $4,000 cash and by signing a one-year, 10% interest-bearing note payable for the remaining balance. 3. Jan 3 Purchased $2,400 supplies on account. Hint: Debit Supplies. 4. Jan 4 Performed $3,200 of legal services on account. 5. Jan 6 Received a $1,200 cash deposit from a new client for legal work to commence next month. 6. Jan 10 Paid $4,000 cash for a 12 -month insurance policy. Tab navigation: 7. Jan 13 Paid cash to settle the account for supplies purchased on January 3. 8. Jan 20 Performed legal services for $4,000 cash. 9. Jan 30 Collected $1,600 cash from customer on account for legal services performed on January 4 . 10. Jan 31 Paid $2,400 cash in salaries for the month of January. 11. Jan 31 Paid $800 cash dividends to shareholders. 12. Jan 31 Paid $4,000 cash for January rent