Desiree Clark is a licensed CPA. During the first month of operations of her bus

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 20000 cash in her business may 2 Hired a secretary-receptionist at a salary of $2000 per month may 3 Purchased $2500 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 $3200May 12 Received $3500 advance on management consulting engagement may 17 Received cash of $1200 fir services completed of C. Desmond Co. may 31 Paid Secretary-receptionist $2000 salary for the month May 31 paid 60% of balance due Read Supply Company