John Smith started a consulting business and completed the following transactions during January 2011. Journalize the transactions. Explanations are not required.
1. John incorporated the business, Consulting Inc., and invested $10,000 for common stock.
2. Paid $3,000 monthly rent for office space.
3. Purchased $5,000 of office equipment, paying cash.
4. Recorded $2,000 of revenue, receiving cash.
5. Collected cash from a customer on account, $800.