Excel Applications for Accounting Principles 4th Edition by Gaylord Smith

Exercise 7

PROBLEM DATA
On June 1 of the current year, Wilson Wood opened Woody's Web Services. This sole proprietorship had the following transactions during June.
a. Opened a business checking account and made a deposit, $9,000.
b. Paid rent for June for office space and computer equipment, $3,000.
c. Purchased office supplies (stamps, pens, etc.) on account, $1,980.
d. Received cash for services rendered, $4,500.
e. Paid creditor for office supplies purchased on account, $1,400.
f. Purchased office supplies for cash, $420.
g. Billed clients for consultations performed on account, $4,600.
h. Paid monthly internet service bill of $360.
i. Paid the secretary's salary of $2,400.
j. Returned $300 of office supplies purchased in transaction f. Received a full refund.
k. Received cash from clients previously billed, $3,000.
l. Cash was withdrawn for owner's personal use, $2,000.
REQUIREMENT
How does transaction m differ from transactions a through l In other words, why is it treated as a special item