TRANSACTION ANALYSIS J & J Attorney-at-Law, is a proprietorship firm owned and operated by Jaison. Business transactions during July are summarized as follows: 1. Received cash from Jaison as an investment, $35,700; furniture $12, 500 2. Received cash from clients for services, $4,900. 3. Purchased computers on credit $10,000. 4. Paid cash for office rent for the month $1,200. 5. Services Charges billed for clients for legal services provided on credit $2,000. 6. Purchased supplies for cash, $500. 7. Received cash from clients on account, $2,000. (in transaction 5) 8. Jaison withdrew $1,000 in cash from the business for personal use. 9. Paid cash for computer purchases on account $ 8,000 (in transaction 3) 10. Paid the following: wages expense $850 TRANSACTION ANALYSIS TOTAL