Goal Systems, a business consulting firm, engaged in the following transactions:

1. Issued common stock for $44,000 cash.
2. Borrowed $28,000 from a bank.
3. Purchased equipment for $7,000 cash.
4. Prepaid rent on office space for 6 months in the amount of $6,300.
5. Performed consulting services in exchange for $4,000 cash.
6. Performed consulting services on credit in the amount of $17,000.
7. Incurred and paid wage expense of $8,400.
8. Collected $8,200 of the receivable arising from Transaction f.
9. Purchased supplies for $1,000 on credit.
10. Used $800 of the supplies purchased in Transaction i.
11. Paid for all of the supplies purchased in Transaction i.