Answer Happy

Jan. 1 omplet 3 4 7 11 15 16 McMahon contributed $76,000 cash to the business, Theodore McMahon, Attorney. The business gave capital to McMahon. Purchased office supplies, $800, and furniture, $1,700, on account. Performed legal services for a client and received $1,900 cash. Purchased a building with a market value of $130,000, and land with a market value of $25,000. The business paid $60,000 cash and signed a note payable to the bank for the remaining amount. Prepared legal documents for a client on account, $400. Paid assistant's semimonthly salary, $1,230. Paid for the office supplies purchased on January 3 on account Received $2,400 cash for helping a client sell real estate. Defended a client in court and billed the client for $1,000. Received a bill for utilities, $600. The bill will be paid next month. Received cash on account, $900. Paid $960 cash for a 12-month insurance policy starting on February 1. Paid assistant's semimonthly salary, $1,230. Paid monthly rent expense, $1,900. McMahon withdrew cash of $3,000. 18 19 25 29 30 30 31 31 Print Done Jan. 16: Paid for the office supplies purchased on January 3 on account. Date Accounts Debit Credit Jan. 16