Abe Factor opened a new accounting practice called X-Factor Accounting and completed these activities during March 2020: March 1 Invested $43,000 in cash and office equipment that had a fair value of $11,300. 1 Prepaid $7,950 cash for three months' rent for an office. 3 Made credit purchases of used office equipment for $5,300 and office supplies for $1,130. 5 Completed work for a client and immediately received $5,500 cash. 9 Completed a $3,300 project for a client, who will pay within 30 days. 11 Paid the account payable created on March 3. 15 Paid $2,300 cash for the annual premium on an insurance policy. 20 Received $1,150 as partial payment for the work completed on March 9. 22 Placed an order with a supplier for $4,100 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 $2,500 on credit. 27 Abe Factor withdrew $2,900 cash from the business to pay some personal expenses. 30 Purchased $580 of additional office supplies on credit. 31 Paid $790 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.) 2,500 on credit. Abe Factor withdrew $2,900 cash from the business to pay some personal expenses. 30 Purchased $580 of additional office supplies on credit. 31 Paid $790 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.) 16 View transaction list Journal entry worksheet 1 N 2 3 4 5 6 7 8 13 Record the cash invested $43,000 and office equipment that had a fair value of $11,300. Note: Enter debits before credits. Date General Journal Debit Credit Pron 2