Exercises E3.1 (LO2) (Transaction Analysis-Service Company) Kai Edo is a licensed public accountant. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred (amounts in thousands). April 2 Invested 30,000 cash and equipment valued at 14,000 in the business. 2 Hired administrative assistant at a salary of 290 per week payable monthly. 3 Purchased supplies on account 700. (Debit an asset account.) 7 Paid office 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 5,100 with personal funds. (The computer will be used exclusively for business purposes.) Instructions Instructions Journalize the transactions in the general journal. (Omit explanations.)