Abe Factor opened a new accounting practice called X-Factor Accounting and completed these activities during March 2014 March 1 Invested $48,000 in cash and office equipment that had a fair value of $11,800 1 Prepaid 8,700 cash for three months' rent for an office 3 Made credit purchases of used office equipment for $5,800 and office supplies for $1,180 5 Completed work for a client and immediately received $6,000 cash 9 Completed a $3,800 project for a client, who will pay within 30 days 11 Paid the account payable created on March 3 15 Paid $2,800 cash for the annual premium on an insurance policy 20 Received $1,400 as partial payment for the work completed on March 9 22 Placed an order with a supplier for $4,600 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 $2,750 on credit 27 Abe Factor withdrew $3,400 cash from the business to pay some personal expenses 30 Purchased $630 of additional office supplies on credit 31 Paid $840 for the month's utility bill Required Prepare General 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.) View transaction list Journal entry worksheet 2 4 6 Record the invested $48,000 in cash and office equipment that had a fair value of $11,800 Note: Enter debits before credits Date General Journal Debit Credit March 01, 2014