7) For the following transactions that occurred in Mary Fletcher's first month in business, prepare the required journal entry April 2 Invested $40,600 cash and equipment valued at $12,200 in the business. April 3 Purchased supplies on account $2750 April 7 Paid office rent of $1,200 for the month. April 11 Completed a tax assignment and billed client $300 for services rendered April 12 Received $4,000 advance on a management consulting engagement. April 21 Paid insurance expense $450 April 24 Received a check from the client billed on April 11 April 30 A count of supplies indicated that $1411 of supplies had been used