Dorothy is a licensed public accountant. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred (amounts in thousands). April Invested 35,840 cash and equipment valued at 16,180 in the business. 2 2 Hired administrative assistant at a salary of 250 per week payable monthly. 3 Purchased supplies on account 641. (Debit an asset account.) 7 Paid office rent of 711 for the month. 11 Completed a tax assignment and billed client 1,093 for services rendered. (Use Service Revenue account.) 12 Received 3,807 advance on a management consulting engagement. 17 Received cash of 2,739 for services completed for Ferengi Co. 21 30 00 30 30 30 Paid insurance expense 110. Paid administrative assistant 1,000 for the month. A count of supplies indicated that 102 of supplies had been used. Purchased a new computer for 5,794 with personal funds. (The computer will be used exclusively for business purposes.) Date Account Titles and Explanation Debit Credit