Claire Ford had been a photographer since her graduation from high school several years ago. On september 1, 20XX she decided to open her own photography firm, called CLAIRE'S STUDIO. To start her accounting system, Claire developed the chart of accounts shown below.

completed the following transactions during the first month of operations Sept 1 Claire invested $40,000 cash and photography equipment with a FMV of $20,000, and photographic supplies which cost $3,000, into the 1 Purchased office supplies for cash, $1,300. 

1 Purchased more photography supplies on account, $6,700. 1 Paid September rent on a studio, $1,700. 1 Paid for a newspaper ad, $500. 2 Purchased office equipment on account, $6,750. 2 Paid business insurance for the upcoming year, $3,600. 3 Purchased a computer system and software, $3,200, by issuing a 3 year note payable. 5 Paid for promotional handouts, $150 6 Paid miscellaneous expenses, $175. 7 Paid salaries of employees, $1,400. 7 Recorded week's cash receipts for photo work, $1,350. 8 Paid for carpet cleaning (a misc. expense), $75. 

9 Recorded photo work done for a customer on account, $855. 9 Purchased additional photography supplies on account, $1,200. 

10 Purchased additional photography equipment for cash, $3,500. 

10 Entered into a contract with Southside Food Vendors to place vending machines in the waiting room. Claire's Studio is to receive 10% of all sales, with a minimum of $200 monthly, and received $200 as an 

11 Purchased furniture for the lobby area, $1,700. Paid cash in full. 

12 Paid cash for the installation of overhead lighting fixtures, $900. 

15 Recorded second week's cash receipts for photo work, $2, 170. 15 Paid weekly salaries $1,400. 

17 Clair withdrew cash for personal use, $800. 

18 Paid for TV ad, $710. 

19 Paid for repair to equipment, $80. 19 Collected $500 on account. 

20 Made a payment on the photography supplies purchased on account, $1,000 

22 Recorded third week's cash receipts for photo work, $2,045. 

22 Paid weekly salaries $1,400.

 23 Photographed a special wedding photo session for customer on account, $2,550

 25 Made a $500 payment on the note for the computer purchased on September 3. 

27 Made a payment for the office equipment purchased on account, $2,000. 

28 Recorded fourth week's cash receipts for photo work, $1,995. 

29 Paid salaries of employees, $1,400 30 Paid water bill for September, $75. 30 Paid electric bill for September, $1,095 30 Wrote a business check to pay the bill for Claire's home phone, $310. 

30 Southside Food Vendors reported a total of $2,200 of vending machine sales for September. Since the business had already received $200, Southside paid the remaining amount due for September