6:48 PM Wed Feb 1 education.wiley.com Beverly Crusher is a licensed CPA. During the first month...

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6:48 PM Wed Feb 1 education.wiley.com Beverly Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. April Invested $32,000 cash and equipment valued at $14,000 in the business. 2 2 Hired an administrative assistant at a salary of $290 per week payable monthly. 3 Purchased supplies on account $700. (Debit an asset account.) 7 Paid office rent of $600 for the month. 11 Completed a tax assignment and billed client $1,100 for services rendered. (Use Service Revenue account.) 12 Received $3,200 advance on a management consulting engagement. 17 Received cash of $2,300 for services completed for Ferengi Co. 21 Paid insurance expense $110. 30 Paid administrative assistant $1,160 for the month. 30 A count of supplies indicated that $120 of supplies had been used. 30 Purchased a new computer for $6,100 with personal funds. (The computer will be used exclusively for business purposes.) Journalize the transactions in the general journal. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the Soblem.) Date Account Titles and Explanation Apr. 2 Cash Equipment Owner's Capital Apr. 20 No Entry No Entry Debit 32000 14000 0 34% 6:49 PM Wed Feb 1 pr. 2 Cash Equipment Owner's Capital pr. 20 No Entry No Entry 1.3 0 Supplies Accounts Payable 1.7 o Rent Expense Cash 11 0 Accounts Receivable Service Revenue 20 Cash Unearned Service Revenue r. 17 O Cash Service Revenue r.21.0 Insurance Expense Cash r.30 O Salaries and Wages Expense Cash education.wiley.com 32000 14000 34% 6:49 PM Wed Feb 1 Done < Entry lies unts Payable Expense unts Receivable ice Revenue irned Service Revenue ice Revenue ance Expense les and Wages Expense lies Expense lies ament er's Capital 34% AA education.wiley.com 6:48 PM Wed Feb 1 education.wiley.com Beverly Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. April Invested $32,000 cash and equipment valued at $14,000 in the business. 2 2 Hired an administrative assistant at a salary of $290 per week payable monthly. 3 Purchased supplies on account $700. (Debit an asset account.) 7 Paid office rent of $600 for the month. 11 Completed a tax assignment and billed client $1,100 for services rendered. (Use Service Revenue account.) 12 Received $3,200 advance on a management consulting engagement. 17 Received cash of $2,300 for services completed for Ferengi Co. 21 Paid insurance expense $110. 30 Paid administrative assistant $1,160 for the month. 30 A count of supplies indicated that $120 of supplies had been used. 30 Purchased a new computer for $6,100 with personal funds. (The computer will be used exclusively for business purposes.) Journalize the transactions in the general journal. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the Soblem.) Date Account Titles and Explanation Apr. 2 Cash Equipment Owner's Capital Apr. 20 No Entry No Entry Debit 32000 14000 0 34% 6:49 PM Wed Feb 1 pr. 2 Cash Equipment Owner's Capital pr. 20 No Entry No Entry 1.3 0 Supplies Accounts Payable 1.7 o Rent Expense Cash 11 0 Accounts Receivable Service Revenue 20 Cash Unearned Service Revenue r. 17 O Cash Service Revenue r.21.0 Insurance Expense Cash r.30 O Salaries and Wages Expense Cash education.wiley.com 32000 14000 34% 6:49 PM Wed Feb 1 Done < Entry lies unts Payable Expense unts Receivable ice Revenue irned Service Revenue ice Revenue ance Expense les and Wages Expense lies Expense lies ament er's Capital 34% AA education.wiley.com