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1. 15.00 points The items making up the statement of financial position of Rankin Truck Rental at December 31 are listed below in tabular form

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1. 15.00 points The items making up the statement of financial position of Rankin Truck Rental at December 31 are listed below in tabular form similar to the illustration of the accounting equation in Exhibit 2-11. Futy Accounts Office Notes Accounts Share Recie. Tent Payable. Payable. Ce $13.500 $68.000 $3.800 $20.000 $10.200 565.000 Cash Dans $8.500 amount. During a short period after December 31, Rankin Truck Rental had the following transactions: Bought office equipment at a cost of $3,400. Paid cash. 2. Collected $5,500 of accounts receivable. a Paid $2,700 of accounts payable Borrowed $20,000 from a bank, Signed a note payable for that Purchased two trucks for $29,000. Paid $14,000 cash and signed a note payable for the balance. Sold additional shares to investors for $93,000. Record the effects of each of the six transactions in the preceding tabular arrangement. Show the totals for all columns after each transaction. (Only enter the dollar amount of the transactions. Indicate the negative effect by entering - before the amount. Omit the "$" sign in your response.) Equity Once Aesours Rece Share Capital AC Payable 10.2005 December 315 9.900 8.000 3.8005 20.0005 05.000 Balance 5 $ 5 Balance 5 $ $ Balance 5 5 Balances 5 5

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