Abe Factor opened a new accounting practice called X-Factor Accounting and completed these activities during March 2020. March 1 Invested $50,000 in cash and office equipment that had a fair value of $12,008. 1 Prepaid $9,000 cash for three months rent for an office. 3 Made credit purchases of used office equipment for $6,000 and office supplies for $1,2ee. 5 Completed work for a client and immediately received $6,200 cash. 9 Completed a $4,000 project for a client, who will pay within 30 days. 11 Paid the account payable created on March 3. 15 Paid $3,000 cash for the annual premium on an insurance policy. ze Received $1,500 as partial payment for the work completed on March 9. 22. Placed an order with a supplier for $4,880 of supplies to be delivered April 7. They must be paid for within 15 days of being received. 23 Completed work for another client for $2,85e on credit. 27 Abe Factor withdrew $3,600 cash from the business to pay some personal expenses. 30 Purchased $65e of additional office Supplies on credit. 31 Paid $860 for the month's utility bill. Required: Prepare journal entries to record the transactions (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)