At the beginning of March , Crane Software Company had Cash of $ 11,975 , Accounts Receivable of $18,157 Accounts Payable of $3,841 , and G. Crane , Capital of $26,291 . During the month of March , the following transactions occurred . 1.Purchased equipment for $22,911 from Digital Equipment . Paid $2,111 cash and signed a note payable for the balance . 2. Received $ 11,913 from customers for contracts billed in February . 3. Paid $2,856 for March rent of office space . 4. Paid $2,630 of the amounts owing to suppliers at the beginning of March . 5. Provided software services to Kwon Construction Company for $6,524 cash . 6. Paid BC Hydro $1,008 for energy used in March . 7. G. Crane withdrew $4,984 cash from the business . 8. Paid Digital Equipment $2,184 on account of the note payable issued for the equipment purchased in transaction 1. Of this , $ 104 was for interest expense . 9. Hired an employee to start working in April . 10. Incurred advertising expense on account for March, $1,377.