1 The owner, Kelton Fitzgerald, started his business by depositing $20,000 in a business bank account. 2 Kelton purchased a water ski boat for his business. He paid $10,000 cash and owes the remaining $5,000 to Coby Marina. + 3 Kelton provided water ski lessons for $180 cash. 4 Kelton provided a lesson to Karen Jagoe. Karen paid $20 in cash and promised to pay Kelton the remaining 540 next week. S Kelton paid S80 cash to gas up the ski boat 6 Kelton took out a business bank loan for 55,000. 7 Kelton withdrew $500 from the business bank account for personal use B Kelton made a $500 loan payment. 5450 of the payment reduced the principal and $50 covered the interest payment. 9 Karen Jagoe paid her account in full 10 Kelton paid the debt to Coby Marina in full