132. Dave Shurek started Hindsight Electric in February 2020. Hindsight completed the

following transactions during February of the current year:

Feb. 1 Began a Hindsight Electric company by investing $7,000 in cash and

computer equipment having a $5,000 fair value.

Feb. 2

Purchased electrical tools for $1,100 on account.

Feb. 4

Completed hot tub electrical work for $1,900 on account.

Feb. 8

Completed electrical panel upgrade for $500 cash

Feb. 10 Paid for the items purchased on credit on February 2.

Feb. 14

Paid $1,600 for the annual rent.

Feb. 18

Received $900 for the work completed on February 4.

Feb. 27 D. Shurek withdrew $200 cash from the practice to pay personal expenses.

Feb. 28 Paid the February utility bills, $100.