1 Beck invested $20,000 cash in her business.
2 Hired a secretary-receptionist at a salary of $2,000 per month.
3 Purchased $2,500 of supplies on account from Tinio Supply Company.
7 Paid offi ce rent of $900 cash for the month.
11 Completed a tax assignment and billed client $3,200 for services performed.
12 Received $3,500 advance on a management consulting engagement.
17 Received cash of $1,200 for services performed for Misra Co.
31 Paid secretary-receptionist $2,000 salary for the month.
31 Paid 60% of balance due Tinio Supply Company.
Iris uses the following chart of accounts: No. 101 Cash, No.