In April, J. Rodriguez established an apartment rental service. The account headings are presented below. Transactions completed during the month of April follow.

a. Rodriguez deposited $70,000 in a bank account in the name of the business.
b. Paid the rent for the month, $2,000, Ck. No. 101 (Rent Expense).
c. Bought supplies on account, $150.
d. Bought a truck for $23,500, paying $2,500 in cash and placing the remainder on account.
e. Bought insurance for the truck for the year, $2,400, Ck. No. 102.
f. Sold services on account, $4,700.
g. Bought office equipment on account from Stern Office Supply, $1,250.
h. Sold services for cash for the first half of the month, $8,250.
i. Received and paid the bill for utilities, $280, Ck. No. 103.
j. Received a bill for gas and oil for the truck, $130.
k. Paid wages to the employees, $2,680, Ck. Nos. 104-106.
l. Sold services for cash for the remainder of the month, $3,500.
m. Rodriguez withdrew cash for personal use, $4,000, Ck. No. 107
Required
1. Record the transactions and the balance after each transaction.
2. Total the left side of the accounting equation (left side of the equal sign), then total the right side of the accounting equation (right side of the equal sign). If the two totals are not equal, check the addition and subtraction. If you still cannot find the error, re-analyze each transaction.

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Liabilities + Accounts Payable Assets Owner's Equity Accounts Prepaid Office Cash + Receivable + Supplies + Insurance + Truck + Equipment = + Capital-Drawing + Revenue-Expen