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tempt in Progress Your answer is partially correct. Dorothy Crusher is a licensed CPA. During the first month of operations of her business (a
tempt in Progress Your answer is partially correct. Dorothy Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. Invested $35,840 cash and equipment valued at $16,180 in the business. April 2 2 Hired an administrative assistant at a salary of $250 per week payable monthly. 3 Purchased supplies on account $641. (Debit an asset account.) 7 Paid office rent of $711 for the month. 11 Completed a tax assignment and billed client $1,093 for services rendered. (Use Service Revenue account.) 12 Received $3.807 advance on a management consulting engagement. 17 Received cash of $2.739 for services completed for Ferengi Co. 21 Paid Insurance expense $110. 30 Paid administrative assistant $1,000 for the month. 30 30 A count of supplies indicated that $102 of supplies had been used. Purchased a new computer for $5,794 with personal funds. (The computer will be used exclusively for business purposes.)
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