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Zhou Clark started a translation business on June 1, 2024. The following is a list of events and transactions that occurred concerning Zhou's new business.
Zhou Clark started a translation business on June 1, 2024. The following is a list of events and transactions that occurred concerning Zhou's new business. June 1 Zhou invested furniture at a fair value of $4,300 into the business. 1 Zhou opened a business bank account at the CIBC and deposited personal cash in the amount of $3,340. 5 Paid June's rent for the office, $1,320. 6 Performed translation services for a client and received cash of $2,480. 8 Translated a proposal for a client and billed the client $2,365. 10 Purchased office supplies $480 on account. 11 Paid the receptionist a salary of $485. 21 Collected accounts receivable billed on June 8. 24 Paid for the purchase of office supplies. 26 Received a contract to translate a textbook for a total contract price of $12,670. 30 Zhou withdrew $325 cash for personal expenses. \begin{tabular}{|lll|l|} Date Account Titles & Debit & Credit \\ \hline & \\ \hline \end{tabular} (Invested furniture into the business) (Invested cash into the business)
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