bit per month Smith depre on Expen le cost/72 000 equip count anal urnal at the ACCT100 Business Accounting Comprehensive Problem - Business Consulting Services John Smith opened Business Consulting Services to provide financial and management advisory services for new entrepreneurs. Initial consulting appointments require immediate cash payment. However, clients signing consulting service contracts are billed on account. The following transactions occurred during August, the businesses' first month of operations. 1 John invested $15,000 cash to start the business. Paid $1,500 for office rent under a monthly lease agreement