. Abe Factor opened a new accounting practice called X-Factor Accounting and completed these activities during March 2023:

March 1 Invested $42,000 in cash and office equipment that had a fair value of $11,200.

1 Prepaid $7,800 cash for three months' rent for an office.

3 Made credit purchases of used office equipment for $5,200 and office supplies for $1,120.

5 Completed work for a client and immediately received $5,400 cash.

9 Completed a $3,200 project for a client, who will pay within 30 days.

11 Pald the account payable created on March 3.

15 Paid $2,200 cash for the annual premium on an insurance policy.

20 Received $1,100 as partial payment for the work completed on March 9.

1. Placed an order with a supplier for $4,000 of supplies to be delivered April 7. They must be paid for within 15 days of being received.
2. Completed work for another client for $2,450 on credit.

27 Abe Factor withdrew $2,800 cash from the business to pay some personal expenses.

1. Purchased $570 of additional office supplies on credit.
2. Paid $780 for the month's utility bill.