TRANSACTION ANALYSIS During December, Cynthiana Refrigeration Service engaged in the following transactions:

a. On December 3, Cynthiana sold a one-year service contract to Cub Foods for

$8,000 cash.

b. On December 10, Cynthiana repaired equipment of the A&W Root Beer Drive-In.

A&W paid $800 in cash for the service call.

c. On December 10, Cynthiana purchased a new GMC truck for business use. The truck cost $16,500. Cynthiana paid $2,500 down and signed a one-year note for the balance.

d. Cynthiana received an $8,000 order of repair parts from Carrier Corporation on December