Bill Rosenberg recently opened his legal practice as a sole proprietorship. During the first month of operations, the following events and transactions occurred: April 2 Invested $14,750 cash along with equipment valued at $10,750 in the business. Hint: (Use Owner's Capital). 2 3 7 11 12 17 21 30 30 Hired an administrative assistant at a salary of $475 per week payable monthly. Purchased $1,320 of supplies on account. (Debit an asset account.) Paid office rent of $700 for the month. Completed the preparation of a will and billed the client $1,540 for services rendered. (Use the Service Revenue account.) Received cash of $4,030 in advance of performing services. Received cash of $2,710 for services completed for Oriole Company. Paid insurance expense of $100. Paid the administrative assistant $1,900 for the month. A count of supplies indicated that $300 of supplies had been used during the month. Purchased a new computer for $4,650 paid for with personal funds. (The computer will be used only for business purposes.) 30 Date Account Titles and Explanation Debit Credit (To record investment by owner.)