For the past two years Jeni has been providing consultation service in her business known as Colorful Ideas Consulting service. The firm’s asset as of January 1 was $65,500 (Cash, $30,000;supplies $4,500; account receivable $6,000; and office equipment $25,000). The firm has noliabilities transferred from the previous accounting period. During the month of January, 2022, Colorful Ideas Consulting entered into the following transactions: January 1. Paid three months’ rent on a lease rental contract, $6,000. 2. Paid the premiums on property and casualty insurance policies for one year, $2,400. 3. Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $3,800. 5. Purchased additional office equipment on account for $6,500. 6. Received cash from clients on account, $3,500. 10. Paid cash for a newspaper advertisement, $340. 12. Paid creditor for part of the debt incurred on January 5, $2000. 12. Recorded services provided on account for $4,000. 14. Paid part-time workers for two weeks’ salary, $2,400. 17. Received cash from clients for service provision, $6,500. 18. Purchased supplies for cash, $700. 20. Recorded services provided on account for the period January 13–20, $4,800. 24. Recorded cash from cash clients for fees earned for the period January 17–24, $5,650. 26. Received cash from clients on account, $7,800. 27. Paid part-time workers for two weeks’ salary, $2,400. 30. Paid telephone bill for the month of January, $250. 31. Paid electricity bill for January, $600. 31. Recorded cash from cash clients for fees earned for the period January 25–30, $3,700. 31. Jeni withdrew $4,500 for personal use.