Smith AC Services opens for business and completes these transactions in April. April 1 2 4 8 John Smith, the owner, invests $38,000 cash along with office equipment valued at $15,000 in the company as company capital. The company prepaid $9,000 cash for 12 months' rent for office space. The company made credit purchases for $8,000 in office equipment and $2,400 in office supplies. Payment is due within 10 days. The company completed work for a client and immediately received $3,280 cash. 12 The company completed a $15,400 project for a client, who must pay within 30 days. 13 The company paid $10,400 cash to settle the payable created on September 4. 19 The company paid $1,900 cash for the premium on an 18-month insurance policy. 22 The company received $7,700 cash as partial payment for the work completed on September 12. 24 The company completed work for another client for $2,100 on credit. 28 The company paid John Smith $5,300 cash recorded as an owner withdrawal. 29 The company purchased $550 of additional office supplies on credit. 30 The company paid $860 cash for this month's utility bill.