Shareholders invested cash of $18,900 and building of $270,000 in exchange for common shares. Engaged a recruitment firm to search for an executive assistant. A fee of $1,350 is to be paid if a successful candidate is hired. Purchased $4,050 of office supplies on account from Babaamizi Depot. Completed bookkeeping services and billed the client $5,400. Received $10,800 for services performed for a client. Paid 40% ($1,620) of the amount owed to Babaamizi Depot on account. (See January 3 transaction). Hired an executive assistant recommended by the recruitment firm at a monthly salary of $3,380. The assistant's first day of work will be January 15 but is not paid with the administrative assistant on January 28. Paid the recruitment firm (Hint: Use Professional Fees Expense, January 2 and 12 transactions). Received $1,350 in advance from a client for tax services to be performed in April. Received $2,700 as partial payment from the client for the work completed and billed on January 7. Paid an income tax instalment in the amount of $1,350.

Using T accounts, post the journal entries to the general ledger, and determine the January 31 balances for each account. (Post entries in the order of journal entries presented in the previous part.)