During the first month of operations, the following transactions occurred for Pharoah and Tax Services Inc.: Jan. 1 Shareholders invested cash of $18,900 and building of $270,000 in exchange for common shares. 2 Engaged a recruitment firm to search for an executive assistant. A fee of $1,350 is to be paid if a successful candidate is hired. 3 Purchased $4,050 of office supplies on account from Babaamizi Depot. 7 Completed bookkeeping services and billed the client $5,400. 10 Received $10,800 for services performed for a client. 11 Paid 40%($1,620) 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 $3,380. The assistant's first day of work will be January 15 but is not paid with the administrative assistant on January 28. 15 Paid the recruitment firm (Hint: Use Professional Fees Expense, January 2 and 12 transactions). 19 Received $1,350 in advance from a client for tax services to be performed in April. 21 Received $2,700 as partial payment from the client for the work completed and billed on January 7