Elizabeth Crusher is a ficensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. April Invested $29,880 cash and equipment valued at $14,520 in the business. 2 2 Hired an administrative assistant at a salary of $296 per week payable monthly. 3 Purchased supplies on account $640, (Debit an asset account) 7 Paid office rent of $675 for the month. 11 Completed a tax assignment and biled client $986 for services fendered. (Use Service Revenue account.) 12 Received $2,838 advance on a management consulting engagement. 17 Received cash of $2.538 for services completed for Ferengi Co. 21 Paid insurance expense $106. 30 Paid administrative assistant $1,184 for the month. 30. A count of supplies indicated that $129 of supplies had been used. 30 Purchased a new computer for $5,864 with personal fundh. (The computer will be used exclusively for business purposes)