Desiree Clark is a licensed CPA. During the first month of operations of her business, the following events and transactions…

Desiree Clark is a licensed CPA. During the first month of operations of her business, the following events and transactions occurred.
may 1 Clark invested 20,000 cash in her business
may 2 Hired a secretary-receptionist at a salary of $2,000 per month
may 3 Purchased $2,500 of supplies on account from Read Supply Company
May 7 Paid office rent $900 cash for the month
May 11 Completed tax assignment and billed client $3,200
May 12 Received $3,500 advance on management consulting engagement
may 17 Received cash of $1,200 fir services completed of C. Desmond Co.
may 31 Paid Secretary-receptionist $2,000 salary for the month
May 31 paid 60% of balance due Read Supply Company