Question: Description / Instructions: Chapter 3A - Exercises from Chapter 3. There are 3 attempts on each exercise. Each attempt will result in a different set

 Description / Instructions: Chapter 3A - Exercises from Chapter 3. There

Description / Instructions: Chapter 3A - Exercises from Chapter 3. There are 3 attempts on each exercise. Each attempt will result in a different set of values. Exercise 3-1 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 $35,580 cash and equipment valued at $16,020 in the business. Hired a secretary-receptionist at a salary of $390 per week payable monthly. Purchased supplies on account $710. (Debit an asset account.) Paid office rent of $690 for the month. 11 Completed a tax assignment and billed client $1,420 for services rendered. (Use Service Revenue account.) Received $3,310 advance on a management consulting engagement. Received cash of $2,900 for services completed for Ferengi Co. Paid insurance expense $180. 30 Paid secretary-receptionist $1,560 for the month. 30 A count of supplies indicated that $120 of supplies had been used. 30 Purchased a new computer for $6,050 with personal funds. (The computer will be used exclusively for business purposes.) Journalize the transactions in the general journal. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Apr. 2 Apr. 2 Apr. 3 Apr. 7 Apr. 11 Apr. 12

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