E3-1 Beverly Crusher is a licensed CPA. During the first month of operations of her business (a sole

| October 22, 2018

E3-1
Beverly Crusher is a licensed CPA.
During the first month of operations of her business (a sole proprietorship),
the following events and transactions occurred.
April
2 Invested $32,000 cash and equipment valued at $14,000 in the business.
2
Hired a secretary-receptionist at a salary of $290 per week payable monthly.
3
Purchased supplies on account $700. (Debit an asset account.)
7 Paid
office rent of $600 for the month.
11
Completed a tax assignment and billed client $1,100 for services rendered. (Use
Service Revenue account.)
12
Received $3,200 advance on a management consulting engagement.
17
Received cash of $2,300 for services completed for Ferengi Co.
21
Paid insurance expense $110.
30
Paid secretary-receptionist $1,160 for the month.
30 A
count of supplies indicated that $120 of supplies had been used.
30
Purchased a new computer for $6,100 with personal funds. (The computer will be
used exclusively for business purposes.)
InstructionsJournalize the transactions in the general
journal. (Omit explanations.)

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