Betty 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 $27,750 cash and equipment valued at $12,920 in the business.
2 Hired an administrative assistant at a salary of $305 per week payable monthly.
3 Purchased supplies on account $673. (Debit an asset account.)
7 Paid office rent of $574 for the month.
11 Completed a tax assignment and billed client $1,188 for services rendered. (Use Service Revenue account.)
12 Received $3,207 advance on a management consulting engagement.
17 Received cash of $2,354 for services completed for Ferengi Co.
21 Paid insurance expense $105. 30 Paid administrative assistant $1,220 for the month.
30 A count of supplies indicated that $113 of supplies had been used.
30 Purchased a new computer for $7,092 with personal funds. (The computer will be used exclusively for business purposes.)

Required:
Journalize the transactions in the general journal.

Date               Account Details                                 Debit                     Credit

April 2            Cash                                                 $ 27,750

                      Equipment                                       $12,290

                      Owner's Capital                                                            $40,670

Date               Account Details                                 Debit                     Credit

April 2            Entry not required till payment

Date               Account Details                                 Debit                     Credit

April 3           Supplies                                               $673

                      Accounts Payable                                                            $673

Date               Account Details                                 Debit                     Credit

April 7            Rent expense                                     $574

                      Cash                                                                                   $574

Date               Account Details                                 Debit                     Credit

April 11            Accounts Receivables                     $1,188

                      Service Revenue                                                              $1,188

Date               Account Details                                 Debit                     Credit

April 12           Cash                                                  $3,207

                       Unearned revenue                                                        $3,207

Date               Account Details                                 Debit                     Credit

April 17           Cash                                                   $2,354

                       Service Revenue                                                           $2,354

Date               Account Details                                 Debit                     Credit

April 21           Insurance expense                           $105

                       Cash                                                                                 $105

Date               Account Details                                 Debit                     Credit

April 30         Salaries expense                               $1,220

                      Cash                                                                                 $1,220

Date               Account Details                                 Debit                     Credit

April 30          Supplies expense                             $113

                      Supplies                                                                             $113

Date               Account Details                                 Debit                     Credit

April 30          Equipment                                        $7,092

                       Owner's Capital                                                             $7,092

hi there, i would say your answer is:

b. there is a fixed quantity of resources and technology available.

hope that : )