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Time Remaining 2 hours 2 minutes 3 4 seconds 0 2 : 0 2 : 3 4 Item 2 Time Remaining 2 hours 2 minutes

Time Remaining 2 hours 2 minutes 34 seconds02:02:34
Item 2
Time Remaining 2 hours 2 minutes 34 seconds02:02:34
Abe Factor opened a new accounting practice called X-Factor Accounting and completed these activities during March 2023:
March 1 Invested $45,000 in cash and office equipment that had a fair value of $11,500.
1 Prepaid $8,250 cash for three months rent for an office.
3 Made credit purchases of used office equipment for $5,500 and office supplies for $1,150.
5 Completed work for a client and immediately received $5,700 cash.
9 Completed a $3,500 project for a client, who will pay within 30 days.
11 Paid the account payable created on March 3.
15 Paid $2,500 cash for the annual premium on an insurance policy.
20 Received $1,250 as partial payment for the work completed on March 9.
22 Placed an order with a supplier for $4,300 of supplies to be delivered April 7. They must be paid for within 15 days of being received.
23 Completed work for another client for $2,600 on credit.
27 Abe Factor withdrew $3,100 cash from the business to pay some personal expenses.
30 Purchased $600 of additional office supplies on credit.
31 Paid $810 for the months utility bill.
Required:
Prepare journal entries to record the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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