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Paralegal contributed $10,000 to the legal services firm from personal funds. Paralegal took a draw ($1,200) against the legal services firm's equity for personal use.

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Paralegal contributed $10,000 to the legal services firm from personal funds. Paralegal took a draw ($1,200) against the legal services firm's equity for personal use. Paralegal purchased a new all-in-one printer for the office ($350) with cash. Paralegal paid bookkeeper for bookkeeping services ($1,000) with cash. Paralegal paid ofce rent, which included utilities and telephone ($1,500), with cash. Paralegal billed a client for professional fees and received payment from the client ($1,700). 7 Paralegal paid Law Society dues ($1,100). Paralegal paid principal and interest on her bank loan ($500 principal; $100 interest)

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