During the first month of operations, the following transactions occurred for Sandhill and Tax Services Inc.: Jan. 1 Shareholders invested cash of $21,700 and building of $310,000 in exchange for common shares. 2 Engaged a recruitment firm to search for an executive assistant. A fee of $1,550 is to be paid if a successful candidate is hired. 3 Purchased $4,650 of office supplies on account from Babaamizi Depot. 7 Completed bookkeeping services and billed the client $6,200. 10 Received $12,400 for services performed for a client. 11 Paid 40% ($1,860) of the amount owed to Babaamizi Depot on account. (See January 3 transaction). 12 Hired an executive assistant recommended by the recruitment firm at a monthly salary of $3,880. The assistants firs