On February 1, 2019 Kate Dodson began operating a clinic counselling youth called Kate Dodson
Counselling Services Her February transactions are listed below:
Feb.
Kate invested $20,000 cash, office furniture and an office building with a fair market and $90,000 respectively.
value of $5,000
3
Provided counseling services to clients on account, $1,000
6 Purchased office supplies on credit, $400
7 Received $2,200 cash for counselling services10 Kate signed a contract with the province to provide counseling services to local schools
for $3,000 per month beginning in March. Paid salary to assistant $950.
15
16 Received the February telephone bill, $100 due on March 16. Received $800 from clients for payment on account
21
22 Paid $300 for the office supplies purchased on February 6
28
Paid salary to assistant $950.
28
Paid the February utility bill, $380
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