1. Scott Jameson opened a translation business on January 2, 2014. During the first month of operations, the business completed the following transactions: Jan. 2 The business received $60,000 cash from Jameson, which was deposited in a business bank account entitled Jameson Translation Service Inc. In exchange, the business issued Scott Jameson common shares. Jan. 3 Purchased supplies, $750, and furniture, $2,800, on account. Jan. 3 Paid January rent expense, $1,100. Jan. 4 Performed translation services for a client and received cash, $2,250. Jan. 7 Paid $38,000 cash to acquire land for a future office site. Jan. 11 Translated a brochure for a client and billed the client $1,200. Jan. 15 Paid secretary salary, $975. Jan. 16 Paid for the furniture purchased Jan. 3 on account. Jan. 18 Received partial payment from a client on account, $600. Jan. 19 Translated legal documents for a client on account, $11,350. Jan. 22 Paid the water and electricity bills, $300. Jan. 29 Received $2,700 cash for translation for a client in an overseas business transaction. Jan. 31 Paid secretary salary, $975. Jan. 31 The business paid Scott Jameson a $12,000 dividend