More Info Dec. 2 Stockholders contributed $20,000 cash in exchange for common stock. 2 Paid monthly office rent, $2,000. 3 Paid cash for a computer, $3,600. This equipment is expected to remain in service for five years. 4 Purchased office furniture on account, $3,000. The furniture should last for five years. 5 Purchase office supplies on account, $800. 9 Performed consulting service for a client on account, $2,500. 12 Paid utilities expenses, $150 18 Performed service for a client and received cash of $2,100. Received $2,400 in advance for client service to be performed in the future. Hired an administrative assistant to be paid $2,055 on the 20th day of each month. The secretary begins work immediately 21 21 26 Paid $200 on account. 28 Collected $400 on account. 30 Cash dividends of $1,000 were paid to stockholders