Dumas is a licensed CPA. During the first month of her business, Julia Dumas, Inc. and occurred. Stockholders $23'500 cash in exchange for common stock. Purchased at a salary of $2, 200 per month middot Purchased $1, 690 of supplies on account from Vincent Supply Company Paid office rent of $730 cash for the month. Completed a tax assignment and billed dent $3, 500 for services performs. Received $4, 200 advance on a management consulting engagement. Received cash of $1, 380 for services performed for Orville Co. Paid secretary-receptionist $2, 200 salary for the month. Paid 54% of balance due Vincent Julia uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 400 Service Revenue middot. No. 726 Sold and Wages of and No. 729 Rent Expense