Dorothy Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. April 2 Invested $34,830 cash and equipment valued at $15,540 in the business. 2 Hired a secretary-receptionist at a salary of $320 per week payable monthly. 3 Purchased supplies on account $830. (Debit an asset account.) 7 Paid office rent of $630 for the month. 11 Completed a tax assignment and billed client $1,360 for services rendered. (Use Service Revenue account.) 12 Received $3,940 advance on a management consulting engagement. 17 Received cash of $2,950 for services completed for Ferengi Co. 21 Paid insurance expense $150.30 Paid secretary-receptionist $1,280 for the month. 30 A count of supplies indicated that $130 of supplies had been used. 30 Purchased a new computer for $7,000 with personal funds. (The computer will be used exclusively for business purposes.) Journalize the transactions in the general journal.
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