Shohei Oda opened a DJ service in Vancouver, British Columbia as a corporation. The following transactions took place in June:
Jun 1 Sold $20,000 of shares to Shohei to start the business.
5 Purchased party supplies on account, $4,600.
7 Paid monthly office rent of $2,400.
10 Provided $4,000 of DJ services to customers. Received cash of $1,700 for these services and sent bills to clients for the remainder.
Using the steps outlined in the five-step transaction analysis, record the transactions in the journal.