Abe Factor opened a new accounting practice called X-Factor Accounting and completed these activities during March 2017: Mar. Invested $50.000 in cash and office equipment that had a fair value of $12.000 Prepaid $1,000 cash for three months rent for an office Made credit purchases of used office equipment for $6:000 and office supplies for $1 200. Completed work for a client and Immediately received $6.200 cash. Completed a $4,000 project for a client, who will pay within 30 days 11 Paid the account payable created on March 2. 15, Paid $3,000 cash for the annual premium on an insurance policy. Received $1.500 as partial payment for the work completed on March q Placed on ofdor with a supplier for 14,800 of supphes to be delivered Apni T. They must be paid for within 15 days of boing rocallyed. Completed work for another client for $2.850 on crodit. Also Factor withdrew $3,600 cash from the business to pay some portenal orponson. 30 Purchased 1650 of additional office supplies on crodit 31 Paid $850 for the month's utility bill. Page 133