5.Joan Robinson opens her own law office on July 1, 2012. During the first month of operations, the following transactions occur
red. 1. Joan invested $11,000 in cash in the law practice. 2. Paid $800 for July rent on office space. 3. Purchased office equipment on account $3,000. 4. Provided legal services to clients for cash $1,500. 5. Borrowed $700 cash from a bank on a note payable. 6. Performed legal services for client on account $2,000. 7. Paid monthly expenses: salaries and wages $500, utilities $300, and supplies $100. 8. Joan withdraws $1,000 cash for personal use
