On February 1, 2019 Kate Dodson began operating a clinic counselling youth called Kate Dodson

Counselling Services Her February transactions are listed below:

Feb.

Kate invested $20,000 cash, office furniture and an office building with a fair market and $90,000 respectively.

value of $5,000

3

Provided counseling services to clients on account, $1,000

6 Purchased office supplies on credit, $400

7 Received $2,200 cash for counselling services10 Kate signed a contract with the province to provide counseling services to local schools

for $3,000 per month beginning in March. Paid salary to assistant $950.

15

16 Received the February telephone bill, $100 due on March 16. Received $800 from clients for payment on account

21

22 Paid $300 for the office supplies purchased on February 6

28

Paid salary to assistant $950.

28

Paid the February utility bill, $380

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