Exercises E3.1 (LO 2) (Transaction Analysis-Service Company) Beverly Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. April 223 7 11 12 17 21 30 30 30 Invested $32,000 cash and equipment valued at $14,000 in the business. Hired an administrative assistant at a salary of $290 per week payable monthly. Purchased supplies on account $700. (Debit an asset account.) Paid office rent of $600 for the month. Completed a tax assignment and billed client $1,100 for services rendered. (Use Service Revenue account.) Received $3,200 advance on a management consulting engagement. Received cash of $2,300 for services completed for Ferengi Co. Paid insurance expense $110. Instructions Paid administrative assistant $1,160 for the month. A count of supplies indicated that $120 of supplies had been used. Purchased a new computer for $6,100 with personal funds. (The computer will be used exclusively for business purposes.) Journalize the transactions in the general journal. (Omit explanations.)