Reference no: EM132603591

Question - Lisa 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 $28,720 cash and equipment valued at $11,820 in the business.

April 2 Hired an administrative assistant at a salary of $299 per week payable monthly.

April 3 Purchased supplies on account $594. (Debit an asset account.) 7 Paid office rent of $629 for the month.

April 11 Completed a tax assignment and billed client $935 for services rendered. (Use Service Revenue account.)

April 12 Received $2,997 advance on a management consulting engagement.

April 17 Received cash of $2,046 for services completed for Ferengi Co.

April 21 Paid insurance expense $113.

April 30 Paid administrative assistant $1,196 for the month.

April 30 A count of supplies indicated that $131 of supplies had been used.

April 30 Purchased a new computer for $5,272 with personal funds. (The computer will be used exclusively for business purposes.)

Journalize the transactions in the general journal.