Thariq Ridho practiced accounting with a partnership for five years. Recently he opened his own accounting firm, which he operates as a proprietorship. The name of the new entity is Thariq Ridho, CPA. Thariq experienced the following events during the organizing phase of the new business and its first month of operations. Some of the events were personal and did not affect the business.

$\backslash$table$[[$April$,4,$Thariq received $$50,000$ cash from former accounting partners$*],[,5,\backslash$table$[[$Deposited $$80,000$ in a new business bank account titled Thariq Ridho, CPA.$],[$The business gave capital to Thariq$]]],[,6,$Paid $$800$ cash for letterhead stationary for the new office.$],[,7,\backslash$table$[[$Purchased office furniture for the office. The business will pay the account$],[$payable$,$ $$10,000$ within $3$ months$]]],[,10,\backslash$table$[[$A representative of a large company called Thariq and told him of the$],[$company$\text{'}$s intention to transfer its accounting business to Thariq$]]],[,15,$Performed services for a customer and received cash $$7,000.],[,18,\backslash$table$[[$Finished a work and submitted a bill for accounting services to a client, Mr John$],[$$$15,000.$ Thariq expected to collect from this client within a week.$]]],[,25,$Collected cash from Mr John on account, $$14,000.],[,30,$Paid office rent $$400$