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Zhou Hong started a translation business on June 1, 2017. The following is a list of events and transactions that occurred concerning Zhou's new business.

Zhou Hong started a translation business on June 1, 2017. The following is a list of events and transactions that occurred concerning Zhou's new business.

June 1 Zhou invested translation software at a fair value of $3,550 into the business.

1. Zhou opened a business bank account at the CIBC and deposited personal cash in the amount of $3,350.

5. Paid June's rent for the office, $1,465.

6. Performed translation services for a client and received cash of $2,025.

8 Translated a proposal for a client and billed the client $2,335.

10Purchased office supplies $405 on account.

11 Paid the receptionist a salary of $410.

21 Collected accounts receivable billed on June 8.

24 Paid for purchase of office supplies.

26 Received a contract to translate a textbook for a total contract price of $12,950.

30 Zhou withdrew $465 cash for personal expenses.

Date Account title and Explanation Debit Credit

______ ________________________________ ______ _______

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(Invested Software in business)

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(Deposited Cash in the business bank acount)______ ________

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