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journalize the transactions Jan. 1 Shareholders invested cash of $17,500 and building of $250,000 in exchange for common shares. 2 Engaged a recruitment firm to
journalize the transactions Jan. 1 Shareholders invested cash of $17,500 and building of $250,000 in exchange for common shares. 2 Engaged a recruitment firm to search for an executive assistant. A fee of $1,250 is to be paid if a successful candidate is hired. 3 Purchased $3,750 of office supplies on account from Babaamizi Depot. 7 Completed bookkeeping services and billed the client $5,000. 10 Received $10,000 for services performed for a client. 11 Paid 40%($1.500) of the amount owed to Babaamizi Depot on account. (See January 3 transaction). 12 Hired an executive assistant recommended by the recruitment firm at a monthly salary of $3,130. The assistant's first: day of work will be January 15 but is not paid with the administrative assistant on January 28 (Hint: Use Professiona! Expense). 15 Paid the recruitment firm. 19 Received $1.250 in advance from a client for tax services to be performed in April. 21 Received $2,500 as partial payment from the client for the work completed and billed on January 7. 26 Paid an income tax instalment in the amount of $1,250
journalize the transactions
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