Abe Factor opened a new accounting practice called X-Factor Accounting and completed these activities during March 2023: March 1 Invested $60,000 in cash and office equipment that had a fair value of $13,000. 1 Prepaid $10,500 cash for three months rent for an office. 3 Made credit purchases of used office equipment for $7,000 and office supplies for $1,300. 5 Completed work for a client and immediately received $7,200 cash. 9 Completed a $5,000 project for a client, who will pay within 30 days. 11 Paid the account payable created on March 3. 15 Paid $4,000 cash for the annual premium on an insurance policy. 20 Received $2,000 as partial payment for the work completed on March 9. 22 Placed an order with a supplier for $5,800 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 $3,350 on credit. 27 Abe Factor withdrew $4,600 cash from the business to pay some personal expenses. 30 Purchased $750 of additional office supplies on credit. 31 Paid $960 for the months utility bill. Prepare journal entries to record the transactions. Record the cash invested $60,000 and office equipment that had a fair value of $13,000. Record the cash $10,500 prepaid for three months rent for an office. Record the credit purchases of used office equipment for $7,000 and office supplies for $1,300. Record the work completed for a client and immediately received $7,200 cash. Record the project of $5,000 for a client, which is completed. The client will pay within 30 days. Record the payment of account payable created on March 3. Record the $4,000 cash paid for the annual premium on an insurance policy. Record the partial payment of $2,000 received for the work completed on March 9. Record an order placed with a supplier for $5,800 of supplies to be delivered April 7. They must be paid for within 15 days of being received. Record the work completed for another client for $3,350 on credit. Record withdrawal of $4,600 cash by Abe Factor from the business to pay some personal expenses. Record $750 purchase of additional office supplies on credit. Record the months utility bill of $960 paid