January A total of $2,500,000 was contributed as capital to start up the company from which $20,000 was transferred to the cash in hand account and the remainder to cash at bank 2 Mr Rogers issued a cheque of $9,000 for a three-month rental (from January to March) Purchase of building $600,000, equipment of $200,000 and furniture $500,000 by cheque. Straight-line basis is used for depreciation, charged from the month of purchase regardless of the date. Building: 2%; Equipment 10%; Furniture 20% (all per annum basis) (Depreciation should be calculated at the end of the month) 3 Employed one assistant. Total monthly salary is $6,000, payable on the first day of the following month. 5 Purchased stationery $2,000, cheque being issued, and is to be recorded as assets at the date of purchase. 6 Accounting services rendered to Super7 Son Bhd, fee estimated at $25,000 for a period of three weeks. Payment to be received on the date of completion. 8 Cash paid for petrol expenses, $200 12 Secured a contract with MAZ Son. Bhd., for two weeks starting 15 January 2017 at $80,000. Payment to be received on the date of completion. 15 Received a cheque for payment in advance from Das Son Bho for services to be performed in February 2017 for $30,000. 22 Promotion expenses paid by cash $5,000. 25 Waters Son Bho has agreed for a six months accounting service, commencing on February 18, and will pay $10,000 per month in advance on the first day of every month. 28 Cheque received from Super7 Son Bho for job done at the same day the invoice was issued. 28 Invoiced MAZ Son Bhd $80,000 for job completed, credit term 2/10, n/30. 31 Cash paid for electricity $800, water $400. Stationary on hand is $500. ATTENTION: 1) Please retain backup copies of assignments. Failure to submit the assignment on time, due to whatever reasons is unacceptable. REQUIREMENTS: FOR THE MONTH OF JANUARY