P2.2A (LO 2, 3, 4), AP Julia Dumars is a licensed CPA. During the first month of operations of her busi- ness, Julia Dumars, Inc., the following events and transactions occurred. May 1 2 3 7 11 Stockholders invested $20,000 cash in exchange for common stock. Hired a secretary-receptionist at a salary of $2,000 per month. Purchased $1,500 of supplies on account from Vincent Supply Company. Paid office rent of $900 cash for the month. Completed a tax assignment and billed client $2,800 for services performed. Received $3,500 advance on a management consulting engagement. Received cash of $1,200 for services performed for Orville Co. 12 17 31 31 Paid 40% of balance due Vincent Supply Company. Paid secretary-receptionist $2,000 salary for the month. Journa prepam