Question: View Policies Current Attempt in Progress Julia Dumars is a licensed CPA. During the first month of operations of her business, Julia Dumars, Inc., the
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Current Attempt in Progress
Julia Dumars is a licensed CPA. During the first month of operations of her business, Julia Dumars, Inc., the following events and transactions occurred.
May Stockholders invested $ cash in exchange for common stock.
Hired a secretaryreceptionist at a salary of $ per month.
Purchased $ of supplies on account from Vincent Supply Company.
Paid office rent of $ cash for the month.
Completed a tax assignment and billed client $ for services performed.
Received $ advance on a management consulting engagement.
Received cash of $ for services performed for Orville Co
Paid secretaryreceptionist $ salary for the month.
Paid of balance due Vincent Supply Company.
Julia uses the following chart of accounts: No Cash, No Accounts Receivable, No Supplies, No Accounts Payable, No Unearned Service Revenue, No Common Stock, No Service Revenue, No Salaries and Wages Expense, and No Rent Expense.
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