Success, Inc, provides grant writing services. During January 2020, the following events occurred:

Jan. 2 Stockholder (Owner) contributed $880,000 and a new computer costing $20,500 to start her business.

Jan. 2 Success, Inc Hired an employee for one month at a weekly wage of $1000. (Think here)

Jan. 3 Success, Inc Paid for three months of utility bills at the start of the accounting period, $16,600.

Jan. 4 Success, Inc Purchased supplies on account for $26,300.

Jan. 6 Success, Inc Purchased a car for $14,000 and paid with a Company credit card.

Jan. 10 Success, Inc obtained a 5-year, $75,000 loan from the bank.

Jan. 12 Success, Inc Paid 6 months of insurance in advance for $20,000.

Jan. 15 Success, IncPaid $18,000 on the purchase on Jan. 4.

Jan. 24 Success, Inc completed in January were billed to client, Mendez for $21,000.

Jan. 27 Completed service and $20,000 received from Smith Company, a client, as payment for services.

Jan. 30 Success, Inc paid $6,000 for 1 year advance of rent for January 2022 to December 2022.

Jan. 30 Success, Inc paid bookkeeper $3100 for preparing financial statements.