Part A: Journalize the following transactions for January for Psych, Inc.
Shawn and Gus opened Psych, Inc., a pyschic detective agency, on January 1, 2022.
They are the only owners of the corporation.
During January, Psych, Inc. completed the following transactions.
1-Jan	Cashed a check for $35,000 for a business loan from Shawn's dad.
	His dad will charge Psych, Inc. 6% APR, and the loan will be due in 2 years.
	The first payment will be due on February 1, 2022.
1-Jan	Shawn invested $1,000 in exchange for common stock in Pysch, Inc.
1-Jan	Gus invested $10,000 in exchange for common stock in Pysch, Inc.
1-Jan	Prepaid $12,000 for 1 year of rent for office space.
1-Jan	Bought an office computer for $1,500 cash.
1-Jan	Hired a secretary who will be paid $800 a month. She will begin working on January 4.
3-Jan	Bought office supplies for $750 on account.
4-Jan	Performed services and billed the Santa Barbara Police Department for services performed for $2,000.
11-Jan	Received payment in full for services billed to the Santa Barbara Police Department on Jan 4.
14-Jan	Performed services and billed a private client, Swanson, for $1,000.
15-Jan	Incurred $1,000 for 2 weeks of wages expense for the secretary. These wages will be paid on Jan 20.
17-Jan	Paid for the office supplies purchased on Jan 3.
21-Jan	Paid wages incurred on Jan 15.
25-Jan	Performed services and billed the Santa Barbara Police Department for $3,000.
29-Jan	Received payment in full from private client Swanson billed on Jan 14.
30-Jan	Paid phone bill with $75 cash.
30-Jan	Paid utilities with $68 cash.
30-Jan	Incurred 1 month of interest on the loan from Shawn's dad totalling $175.