Desiree Clark is a licensed CPA. During the first month of operations of her business, the following events and transactions occurred. May Clark invested $20,000 cash in her business. Hired a secretary-receptionist at a salary of $2,000 per month. Purchased $2,500 of supplies on account from Read Supply Company. Paid office rent of $900 cash for the month. Completed a lax assignment and billed client $3,200 for services provided. Received $3,500 advance on a management consulting engagement. Received cash of $1,200 for services completed for C. Desmond Co. Paid secretary-receptionist $2,000 salary for the month. Paid 60% of balance due Read Supply Company. Desiree uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable. No. 209 Unearned Service Revenue, No. 301 Owner s Capital. No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense. Instructions (a)