Maria Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. Invested $31,880 cash and equipment valued at $15,540 in the business. April 2 2 Hired an administrative assistant at a salary of $285 per week payable monthly. 3 Purchased supplies on account $620. (Debit an asset account.) 7 Paid office rent of $575 for the month. 11 Completed a tax assignment and billed client $1,255 for services rendered. (Use Service Revenue account.) 12 Received $3,523 advance on a management consulting engagement. 17 Received cash of $2,320 for services completed for Ferengi Co. 21 Paid insurance expense $113. 30 Paid administrative assistant $1,140 for the month. 30 88 30 A count of supplies indicated that $114 of supplies had been used. Purchased a new computer for $6.729 with personal funds. (The computer will be used exclusively for business purposes.)