DCH began operations on June $1.$ Activity for DCH$$s first month of business $($June$)$ was as follows:

$1.$ June $1$: issued common stock in exchange for:

a$.$ $$20,000$ in cash, and

b$.$ furniture worth $$12,000.$

$2.$ June $1$: purchased office supplies by paying $$500.$

$3.$ June $2$: purchased computer equipment worth $$3,600$ by paying $$750$ in cash and the balance on account.

$4.$ June $3$: signed a lease agreement, renting a small office on Apple Street for $$500$ per month.

$5.$ June $3$: paid the first $6$ months$$ office rent in advance. $($A payment made in advance for expenses that will occur in the future is called $$prepaid$$; here, $$prepaid rent$.)$

$6.$ June $5$: paid $$150$ for each of two advertisements that will be placed in the Journal and Register newspapers, running on June $23.$

$7.$ June $15$: received $$950$ cash in payment for consulting services performed during the first half of the month.

$8.$ June $20$: signed a contract to perform consulting services for a local manufacturing company, Wee Bild It $($WBI$)$ Unlimited. WBI paid $$8,000$ in advance for a $6-$month service contract that will run from July $1$ to December $31.($A payment received in advance for services to be performed in the future is called $$deferred$$ or $$unearned$$; here, $$deferred revenue$.)$

$9.$ June $25$: paid the balance due on the computer purchased on June $2.$

$10.$ June $28$: completed $$1,200$ worth of consulting services for a customer. The customer paid DCH $$500$ in cash. The balance of the bill is expected to be paid by the customer sometime in July.

$11.$ June $30$: received $$1,800$ cash for consulting services performed during the second half of the month.

$12.$ June $30$: billed ABC company for $$700$ of consulting services completed on June $29.$