Problem 2 2A Julia Dumars is a licensed CPA During the first month of operations of her business, Julia Dumars, Inc , the following events and transactions occurred May 1 Stockholders invested $22,700 cash in exchange for common stock 2 Hired a secretary receptionist at a salary of $1,200 per month 3 Purchased $2,560 of supplies on account from Vincent Supply Company 7 Paid office rent of $760 cash for the month 11 Completed a tax assignment and billed client $2,400 for services performed 12 Received $3,120 advance on a management consulting engagement 17 Received cash of $1,310 for services performed for Orville Co 31 Paid secretary receptionist $1,200 salary for the month 31 Paid 48 of balance due Vincent Supply Company Julia uses the following chart of accounts No 101 Cash, No 112 Accounts Receivable, No 126 Supplies, No 201 Accounts Payable, No 209 Unearned Service Revenue, No 311 Common Stock, No 400 Service Revenue, No 726 Salaries and Wages Expense, and No 729 Rent Expense

Question

Problem 2 2A Julia Dumars is a licensed CPA  During the first month of operations of her business, Julia Dumars, Inc , the following events and transactions occurred  May 1 Stockholders invested $22,700 cash in exchange for common stock  2 Hired a secretary receptionist at a salary of $1,200 per month  3 Purchased $2,560 of supplies on account from Vincent Supply Company  7 Paid office rent of $760 cash for the month  11 Completed a tax assignment and billed client $2,400 for services performed  12 Received $3,120 advance on a management consulting engagement  17 Received cash of $1,310 for services performed for Orville Co  31 Paid secretary receptionist $1,200 salary for the month  31 Paid 48  of balance due Vincent Supply Company  Julia uses the following chart of accounts  No  101 Cash, No  112 Accounts Receivable, No  126 Supplies, No  201 Accounts Payable, No  209 Unearned Service Revenue, No  311 Common Stock, No  400 Service Revenue, No  726 Salaries and Wages Expense, and No  729 Rent Expense

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May 1		Stockholders invested $22,700 cash in exchange for common stock.
2		Hired a secretary-receptionist at a salary of $1,200 per month.
3		Purchased $2,560 of supplies on account from Vincent Supply Company.
7		Paid office rent of $760 cash for the month.
11		Completed a tax assignment and billed client $2,400 for services performed.
12		Received $3,120 advance on a management consulting engagement.
17		Received cash of $1,310 for services performed for Orville Co.
31		Paid secretary-receptionist $1,200 salary for the month.
31		Paid 48% of balance due Vincent Supply Company.

Question

Problem 2-2A Julia Dumars is a licensed CPA. During the first month of operations of her business, Julia Dumars, Inc., the following events and transactions

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