Jackson opened Jackson Translation Services on January 2, 2020. During the first month of operations, the business completed the following transactions:

Jan 2 The business received $64,000 cash from Jackson, which was deposited in a business bank account entitled Jackson Translation Service.

Jan 3 Purchased supplies, $810, and furniture, $3,800, on account.

Jan 3 Paid January's rent expense with cash, $1,500.

Jan 4 Performed translation services for a client and received cash, $4,000.

Jan 7 Paid $46,000 cash to acquire land for a future office site.

Jan 11 Translated a brochure for a client and billed the client, $2,600.

Jan 15 Paid secretary salary, $2,500 cash.

Jan 16 Paid cash for the furniture purchased January 3 on account.

Jan 18 Received partial payment from a client on account, $800 cash.

Jan 19 Translated legal documents for a client on account, $11,350.

Jan 22 Paid cash for the water and electricity bills, $420.

Jan 29 Received $4,500 cash for translation for a client in an overseas business transaction.

Jan 31 Paid secretary salary, $2,500 cash.

Jan 31 Jackson withdrew $15,000 cash for personal use.

Record each transaction in the journal with an explanation, using the account titles provided. Use the following accounts: Cash; Accounts Receivable; Supplies; Furniture; Land; Accounts Payable; Shane Jackson, Capital; Shane Jackson, Withdrawals; Translation Revenue; Rent Expense; Salaries Expense; Utilities Expense.

Requirement. Record each transaction in the journal with an explanation, using the account titles provided.

Start with the January 2nd transaction. The business received $64,000 cash from Jackson, which was deposited in a business bank account entitled Jackson Translation Service. Record the investment. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)