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Zhou Hong started a translation business on June 1, 2021. The following is a list of events and transactions that occurred concerning Zhou's new business

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Zhou Hong started a translation business on June 1, 2021. The following is a list of events and transactions that occurred concerning Zhou's new business June 1 1 5 6 8 10 11 21 24 26 30 Zhou invested furniture at a fair value of $4,550 into the business. Zhou opened a business bank account at the CIBC and deposited personal cash in the amount of $3,485. Paid June's rent for the office $1.210. Performed translation services for a client and received cash of $2,370. Translated a proposal for a client and billed the client $2.285. Purchased office supplies $505 on account Paid the receptionist a salary of $510. Collected accounts recelvable billed on June 8. Paid for the purchase of office supplies. Received a contract to translate a textbook for a total contract price of $11,130. Zhou withdrew $420 cash for personal expenses. Journalize the above transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit (Invested furniture into the business) (Invested cash into the business)

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