TRANSACTIONS 1 Paid $4,800 for the current month's RENT 2 Performed Services for $15,000 in cash 3 Paid Salaries of $6,900 to employees 4 Performed additional servcices for $12,500 on CREDIT 5 Paid $1,580 for the monthly Telphone Bill 6 Collected $6,500 from accounts receivable 7 Received a $297 CASH refund for an overcharge on the Telephone Bill 8 Performed services for $8,560 on credit 9 Paid $875 in cash for presentation folder, paper clips and a pen 10 Purchased 10 cases of paper and other supplies at Office Max for $1,260 on Credit 11 Paid Insurance for the year in the amount of $1,700 cash A Month end inventory of supplies was $800 B Consumed 1 month of Insurance OBJECTIVE: RECORD TRANSACTIONS ACROSS ALL TOOLS AND JOURNALS THEN PREPARE FINANCIAL STATEMENTS