1.Chas Taylor invests $30,000 cash in exchange for common stock.
2.Buys supplies for $2,500 cash.
3.Buys equipment for $26,000 cash.
4.Buys $7,100 of supplies on credit.
5.Provides consulting services for $4,200 cash.
6.Pays $1,000 rent and $700 salary.
7.Provides $1,600 of consulting and $300 of rental on credit.
8.Collects $1,900 from the client in the transaction above.
9.Pays $900 of the account payable.
10.Pays a $200 cash dividend.