June 2 Trevor Peters, the sole proprietor, invested $46,000 cash and office equipment with a $24,000 fair value in the business. 8 Transferred title of his personal automobile to the business. The automobile had a value of $7,000 and was to be used exclusively in the business. 10 Purchased $600 of office supplies on credit. 14 Completed $2,400 of services for a client. This amount is to be paid within 30 days. 18 Paid $1,800 salary to an assistant. 22 Paid the account payable from the transaction on June 10. 24 Purchased $4,000 of new office equipment by paying $2,400 cash and trading in old equipment with a recorded cost of $1,600. 28 Received $1,000 payment on the receivable created from the transaction on June 14th. 30 Withdrew $1,050 cash from the business for personal use