Mary is a licensed public accountant. During the first month of operations of her business (a sole proprietorship), the following event and transactions occurred (amounts in thousands). April 2 2 Invested 35,370 cash and equipment valued at 15,160 in the business. Hired administrative assistant at a salary of 248 per week payable monthly. 3 Purchased supplies on account 718. (Debit an asset account.) 7 Paid office rent of 488 for the month. 11 12 Completed a tax assignment and billed client 946 for services rendered. (Use Service Revenue account.) Received 2,997 advance on a management consulting engagement. 17 Received cash of 2,360 for services completed for Ferengi Co. 23 21 30 88 30 Paid insurance expense 116. Paid administrative assistant 992 for the month. A count of supplies indicated that 101 of supplies had been used.