Lucius Fox opens a sports consulting office on July 1, 2020. During the first month of operations, the following transactions occurred. 1. Lucius invested $15,000 in cash in the business. 2. Paid $900 for July rent on office space. 3. Purchased equipment on account $4,000. 4. Performed consulting services to clients for cash $3,500. 5. Paid $1,000 toward equipment purchased in #3. 6. Performed consulting services for client for cash $5,000. 7. Paid monthly expenses: salaries and wages $700, utilities $400, and advertising $200. 8. Lucius withdrew $1,800 cash for personal use