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Global Filter Corp. began operations on July 1, 2014. The transactions for the first month follow. a. Global Filter Corp. issued shares to shareholders for

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Global Filter Corp. began operations on July 1, 2014. The transactions for the first month follow. a. Global Filter Corp. issued shares to shareholders for $85,000. b. Global Filter Corp. provided $1,000 of consulting services for a customer who will pay within 30 days. c. Global Filter Corp. received a bill today for this month's utilities; $450. It will be paid within 30 days. d. One of Global Filter Corp.'s clients rented equipment today for $700 on credit. e. A client rented equipment for $7,500 cash. f. Furniture was rented by a customer for $1,600 cash. g. Performed consulting services today and collected $300. h. Global Filter Corp. used $750 cash and $2,250 credit to purchase new equipment worth $3,000. i. Global Filter Corp. collected $900 for commissions earned today. j. Global Filter Corp. paid dividends of $1,900 to the shareholders

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