Instructions

Following are the selected transactions for January.

Jan. $1$ Received cash from the sale of common stock, $$14,000.$

$2$ Rechived cash for providing accounting services, $$9,500.$

$3$ Billed customers on account for providing services, $$4,200.$

$4$ Paid advertising expense, $$700.$

$5$ Received cash from customers on account, $$2,500.$

$6$ Paid dividends, $$1,010.$

$7$ Received telephone bill, $$900.$

$8$ Paid telephone bill, $$900.$

Required: