EX 1 Mohammed decides to open a Therapy Clinic, the following transactions occurred during Jan: Jan. 1 Mohammed invested $80,000 cash in to start the business. 6 supplies was purchased at a cost of $5,000; a three-month, 10% note payable was signed for this amount. (on credit, postpone) 8 Billed Abdullah $20,000 for services preformed. 10 Purchased supplies from wall mar's co for $2,000 payable in 15 days. 12 Received $20,000 from Abdullah. 15 Mohammed withdrew $2,000 for personal expenses. 20 Paid wall mar's co. for supplies purchased on jan. 10. 21 Performed services by S.R. 6,200 on account. 24 Purchasing a car in credit from Automobile Co. SR. 35000 28 Fahad, Young's administrative assistant, was paid $3,000 cash for his salary