Ruth is a licensed public accountant. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred (amounts in thousands). April Invested 27,560 cash and equipment valued at 11,880 in the business. 2 2 Hired administrative assistant at a salary of 257 per week payable monthly. 3 Purchased supplies on account 821. (Debit an asset account.) 7 Paid office rent of 671 for the month. 11 Completed a tax assignment and billed client 967 for services rendered. (Use Service Revenue account.) 12 Received 3,561 advance on a management consulting engagement. 17 Received cash of 2.113 for services completed for Ferengi Co. 21 Paid insurance expense 88. 30 88 30 Paid administrative assistant 1,028 for the month. A count of supplies indicated that V121 of supplies had been used