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HW Scott Jameson opened a translation business on January 2, 2015 During the first month of operations, the business completed the following transactions: Jan. 2
HW Scott Jameson opened a translation business on January 2, 2015 During the first month of operations, the business completed the following transactions: Jan. 2 The business received $40,000 cash from Scott Jameson, which was deposited in a business bank account entitled Jameson Translation Service. Purchased supplies, $750, and furniture, $2,800, on account. Paid January rent expense, $1,100. Performed translation services for a client and received cash, $2,250. Paid $28,000 cash to acquire land for a future office site. Translated a brochure for a client and billed the client $1,200. Paid secretary salary, $975. Paid for the furniture purchased January 3 on account. Received partial payment from client on account, $600. Translated legal documents for a client on account. $1.350. 22 Paid the water and electricity bills, $300. 29 Received $2,700 cash for translation for a client in an overseas business trans- action. 31 Paid secretary salary, $975. 31 Scott Jameson withdrew $2,000 for personal use. 3 4 7 11 15 16 18 19
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