Julia Dumars is a licensed CPA. During the first month of operations of her business, Julia Dumars, Inc., the following events and transactions occurred.

Julia Dumars is a licensed CPA. During the first month of operations of her business, Julia Dumars, Inc., the following events and transactions occurred May 1 Stockholders invested $20,500 cash in exchange for common stock. 0 2 Hired a secretary-receptionist at a salary of $3,200 per month 3 Purchased $2,350 of supplies on account from Vincent Supply Company 7 Paid office rent of $880 cash for the month 11 Completed a tax assignment and billed client $2,400 for services performed 12 Received $4,160 advance on a management consulting engagement 17 Received cash of $1,790 for services performed for Orville Co 31 Paid secretary-receptionist $3,200 salary for the month 31 Paid 49% of balance due Vincent Supply Company 4 8 2 9 3 Julia uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense 1 0 2 2 5 2 9 2