Mailin Moon is a freelance writer who submits articles to various magazines and newspapers. She operates out of a small office where she employs one administrative assistant. The following activities occurred during March 2023, her first month of business: Moon invested $3,400 worth of equipment into her business along with $3,900 cash. Submitted a series of articles to The Globe and Mail and received $7,400 cash. Purchased supplies on credit; $1,050. Paid the part-time administrative assistants salary of $1,540. Moon ordered $3,900 of office equipment from the IKEA catalogue. It is scheduled to arrive in April or May. Paid the rent for the first month; $2,300. Submitted an article to Report on Business; will receive $5,400 next month.