Beverly Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. ( 30%)

April 2 Invested $32,000 cash and equipment valued at $14,000 in the business.

2 Hired an administrative assistant at a salary of $290 per week payable monthly.

3 Purchased supplies on account $700. (Debit an asset account.)

7 Paid offi ce 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 administrative assistant $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.)

Instructions :

a) Journalize and post the transactions in the general journal.

b) Prepare the trial Balance.