During its first month of operation, the True Consulting Corporation, which specializes in management consulting, completed the following transactions.

July $1$ Issued $15,000$ shares of the company's common stock in exchange for $$15,000.$

July $3$ Purchased a truck for $$8,000.$ A down payment of $$3,000$ was made, with the balance on account.

July $5$ Paid $$1,200$ to cover rent from July $1$ through September $30.$

July $7$ Purchased $$2,000$ of supplies on account.

July $10$ Billed customers for consulting services performed, $$3,700.$

July $14$ Paid $$500$ toward the amount owed for the supplies purchased on July $7.$

July $15$ Paid $$1750$ in cash for employee wages.

July $19$ Collected $$1600$ in cash from customers that were billed on July $10.$

July $21$ Received $$4,200$ cash from customers for services performed.

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