Kurtz, Levin, & Shapiro Law Firm handle high profile divorce cases and only accept women of wealthy husbands as clients.  All clients pay a $20,000 retainer to initiate counsel.  During their first month of operations, the following transactions occurred:

1	Sold 200,000 shares of $1 par common stock at par.
3	Received $160,000 in retainers from new clients.
5	Hired the talented interior designer, Madonna Alvarez to furnish the office in classic Spanish Renaissanace style at an estimated cost of $210,000. Â
8	Purchased $13,000 in office equipment on account from Law Equipment Depot.
10	Performed $26,700 in legal services for clients. Fees were collected at the time of service.
12	Hired two new attorneys, Cohen &  Roth, who recently passed the Bar and ranked in the top 5% of their state.
15	Received Alvarez's invoice for $226,000.  Design services: $23,000; furniture: $203,000.
20	Performed $47,125 in legal services, received $31,150 in cash.
26	Paid $7,000 on account to Law Equipment Depot.
28	Paid $9,600 in salaries to Cohen & Roth.
30	Paid Alvarez $23,000 for her design fees.
31	Successfully defended Client "X" who was awarded lifetime alimony of $280,000 per year.  Invoiced Client "X" for $45,000.

 

Prepare journal entries of the transactions.  If no journal entry is required, indicate that in the account description.

Journal

Date	Description	Debit	Credit
1
1
3
3
5
5
8
8
10
10
12
12
15
15
15
20
20
20
26
26
28
28
30
30
31
31