Assume Lee Services began the year with the following balances: Cash, $11,000; Accounts receivable, $10,200; and Common stock, $21,200. Jan. 1 Edward Lee invested $20,200 cash in the company in exchange for common stock. Jan. 2 The company provided services to a client and immediately received $1,500 cash. Jan. 3 The company received $10,200 cash from a client in payment for services to be provided next year. Jan. 4 The company received $3,900 cash from a client in partial payment of bs

accounts receivable. Jan. 5 The company borrowed $6,000 cash from the bank by signing a note payable.