Question: Exercise 3-1 Your answer is partially correct. Try again. Bill Rosenberg recently opened his legal practice as a sole proprietorship. During the first month of
Exercise 3-1 Your answer is partially correct. Try again. Bill Rosenberg recently opened his legal practice as a sole proprietorship. During the first month of operations, the following events and transactions occurred April 2 Invested $14,100 cash along with equipment valued at $10,100 in the business. 2 Hired an administrative assistant at a salary of $410 per week payable monthly. 3 Purchased $1,080 of supplies on account. (Debit an asset account.) 7 Paid office rent of $880 for the month. 11 Completed the preparation of a will and billed the dient $1,550 for services rendered. (Use the Service Revenue account.) 12 Received $4,230 as a retainer for future services. 17 Received cash of $2,750 for services completed for Cullumber Company. 21 Paid insurance expense of $160. 30 Paid the administrative assistant $1,640 for the month 30 A count of supplies indicated that $215 of supplies had been used during the month. 30 Purchased a new computer for s4.150 paid for with personal funds. (The computer wil be used only for business purposes.) Dournalize the transactions in the general journal. (Credit account titles are journal entries in the order presented in the problem.) automatically indented when amount is entered. Do not indent manually
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