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Carla Carter's Consulting began business on July 1st and had the following transactions: 7-1: Carta Carter contributed $200,000 cash and office furniture with a fair

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Carla Carter's Consulting began business on July 1st and had the following transactions: 7-1: Carta Carter contributed $200,000 cash and office furniture with a fair market value of $100,000, to Carter's Consulting Services. (CCS). 7-1: CCS purchased supplies for cash of $5,000 7-1: CCS signed a lease and paid $60,000, in cash. The term of the lease is six months beginning on July 1st. 7-2: CCS purchased a computer on account from Office Depot $5,000 7-5: CCS prepared and delivered a consulting study to Google and billed them $200,000 7-7: CCS received a $75,000, cash advance from Microsoft for consulting work to be provided in the future. 7-10: CCS prepared and delivered a consulting study to Walmart and received $100,000 in cash. 7-15: Carla Carter took a $20,000 cash withdrawal from CCS. 7-20: CCS paid the Office Depot Accounts Payable from July 2nd, $5,000, cash. 7-25: Google paid the accounts receivable from July 5th, $200,000, cash 7-31: Depreciation expense on the furniture for the month $1,000. 7-31: Salary Expense paid in cash $20,000 7-31: Utility expense paid in cash $10,000. Carla Carter's Consulting began business on July 1st and had the following transactions: 7-1: Carta Carter contributed $200,000 cash and office furniture with a fair market value of $100,000, to Carter's Consulting Services. (CCS). 7-1: CCS purchased supplies for cash of $5,000 7-1: CCS signed a lease and paid $60,000, in cash. The term of the lease is six months beginning on July 1st. 7-2: CCS purchased a computer on account from Office Depot $5,000 7-5: CCS prepared and delivered a consulting study to Google and billed them $200,000 7-7: CCS received a $75,000, cash advance from Microsoft for consulting work to be provided in the future. 7-10: CCS prepared and delivered a consulting study to Walmart and received $100,000 in cash. 7-15: Carla Carter took a $20,000 cash withdrawal from CCS. 7-20: CCS paid the Office Depot Accounts Payable from July 2nd, $5,000, cash. 7-25: Google paid the accounts receivable from July 5th, $200,000, cash 7-31: Depreciation expense on the furniture for the month $1,000. 7-31: Salary Expense paid in cash $20,000 7-31: Utility expense paid in cash $10,000

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