For rented quarters and to operate the business, which was to be known as Gourmet Consulting, on a full-time basis. Gourmet Consulting entered into the following transactions during July Jul. 1 The following assets were received from Jolene Upton: cash, $19,000, accounts receivable, $22,300 supplies, $3,800; and office equipment, $8,900. There were no liabilities received 1 Paid three months' rent on a lease rental contract, $6,000 2 Paid the premiums on property and casualty insurance policies, $4,500 4 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $8,000 5 Purchased additional office equipment on account from Office Necessities Co., $5,100. 6 Received cash from clients on account, $12,750 For rented quarters and to operate the business, which was to be known as Gourmet Consulting, on a full-time basis. Gourmet Consulting entered into the following transactions during July Jul. 1 The following assets were received from Jolene Upton: cash, $19,000, accounts receivable, $22,300 supplies, $3,800; and office equipment, $8,900. There were no liabilities received 1 Paid three months' rent on a lease rental contract, $6,000 2 Paid the premiums on property and casualty insurance policies, $4,500 4 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $8,000 5 Purchased additional office equipment on account from Office Necessities Co., $5,100. 6 Received cash from clients on account, $12,750