Legal Service Inc. was incorporated on July 1 2, 2017. During the first month of operations, the following transactions occurred.

1. Stockholders invested $10,000 in cash in exchange for common stock of Legal Service Inc.
2. Paid $800 for July rent on office space.
3. Purchased office equipment on account $3,000.
4. Performed legal service for clients for cash $1500.
5. Borrowed $700 cash from bank on a note payable.
6. Performed legal service for client on account $2,000.
7. Paid monthly expenses: salaries $500, utilities $300, and advertising $100.

Instruction: Prepare a tabular summary of the transactions.