Hannah's Hair Studio is an incorporated business run by Hannah Barbera. During its first month of operations, the following transactions occurred:

1. Hannah starts the business by investing equipment worth $5,000 plus $11,000 cash in exchange for company shares.

2. Hannah's Hair Studio purchases $400 in supplies on account.

3. Hannah's Hair Studio collects $1,300 in cash from customers: $900 for haircare services rendered and $400 for coupons that can be redeemed on future visits for haircare.

4. Hannah's Hair Studio paid the supplies purchased in #2 .

5. Hannah's Hair Studio paid $150 cash for cleaning services for the month.

6. Hannah's Hair Studio paid $300 cash for supplies.

7. Hannah's Hair Studio provided $500 in haircare services to the local police department, billed on account.

8. Customers of Hannah's Hair Studio used $150 worth of coupons (from #3) in exchange for haircare services, .

9. Hannah's Hair Studio paid $220 cash for gas and electricity bills.

10. Hannah's Hair Studio collected the $500 owing from the police department (from #7).

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