1. Prepare a tabular summary of the transactions. Legal Services Inc. was incorporated on July 1, 2022. During the first month of operations, the following transactions occurred. Stockholders invested $10,000 in cash in exchange for common stock of Legal Services Inc. Paid $800 for July rent on office space. Purchased office equipment on account $3,000. Performed legal services for clients for cash $1,500. Borrowed $700 cash from a bank on a note payable. Performed legal services for client on account $2,000. Paid monthly expenses: salaries $500, utilities $300, and advertising $100