Maria Miller is a licensed CPA. During the first month of operations of her business, Maria Miller. Inc, the following events and transactions occurred.

May $1$ ?Stockholders invested $$20,000$ ?cash in exchange for common stock.

$2$ ?Hired a secretary$-$receptionist at a salary of $$1,500$ ?per month.

$3$ ?Purchased $$2,300$ ?of supplies on account from Vincent Supply Company.

$7$ ?Paid office rent of $$710$ ?cash for the month.

$11$ ?Completed a tax assignment and billed client $$2,700$ ?for services performed.

$12$ ?Received $$2,800$ ?advance on a management consulting engagement.

$17$ ?Received cash of $$1,300$ ?for services performed for Orville Co$.$

$31$ ?Paid secretary$-$receptionist $$1,500$ ?salary for the month.

$31$ ?Paid $50\%$ ?of balance due to Vincent Supply Company.

Date

Account Titles and Explanation

Debit

Credit

Transcribed Image Text:

Date Account Titles and Explanation Debit Credit V (Paid salaries) (Paid creditor on account) Date Account Titles and Explanation Debit Credit V (Paid salaries) (Paid creditor on account)

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