Transactions for January, $2003$

CPA Associates, Inc.

$1/1$ Two company owners each invested $$12,000($ $$24,000$ total$)$ in cash in exchange for capital

stock in the new company.

$1/1$ The company paid by check the first month's rent of $$4,200$ for their fully$-$furnished office.

$1/2$ The company purchased $$3,300$ worth of supplies on account from Big Office Supply Company.

$1/4$ Performed work valued at $$4,500$ for the first customer, ABC Company, and the customer

immediately paid that amount.

$1/9$ Purchased $$1,900$ worth of supplies on account from Little Office Supply Company.

$1/15$ Paid for the supplies purchased on $\frac{1}{2}.$

$1/16$ Billed the second customer, LMNOP Company, for $$2,500$ work performed that will be paid at a

later date.

$1/22$ Paid $$325$ for January telephone service.

$1/23$ Billed the third customer, XYZ Corp. for $$6,700$ work performed that will be paid at a later date.

$1/24$ Paid $$180$ for utilities.

$1/26$ Received payment from LMNOP Company for services billed on $1/16.$

$1/30$ Paid $$2,200$ to each of the two stockholders total$).$

$1/31$ Inventoried supplies and counted items with a total value of $$1,760.$

Required:

Record all transactions to the appropriate journal.