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3. Prepare a balance sheet and income statement as a result of the following transactions: a. Deposit $3000 in a bank account as a result

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3. Prepare a balance sheet and income statement as a result of the following transactions: a. Deposit $3000 in a bank account as a result of a sale. b. Rent a van at a cost of $400, paid now. c. Purchase equipment: a power sweeper for $900, paid upon sale d. Order 2000 marketing brochures and pay the printer $120 e. Purchase $300 worth of cleaning supplies, with cash f. Bought equipment worth $900; paid $200 now and will pay the balance later. g. Earned $350 for washing windows, paid upon completion h. Earned and received $900 in fees for work performed i. Purchased supplies for $80, with cash j. Hired a helper and paid him $240 k. Earned $400 for work; payment will be received later. I. Owner withdrew $1000 from the business for personal use m : Received a phone bill for $20, and payment will be made later. n. Paid the landlord $300 for rent o. Received $2000 for work performed. 4. Prepare a balance sheet and income statement as a result of the following transactions: a. Owner deposit of $2000 to open a bank account b. Owner deposits an additional $500 in the bank account to increase his/her equity c. Purchase equipment: a used hand truck for $600, paid immediately d. Bought insurance for the truck. Insurance cost is $40 for the month; paid first month e. Placed a newspaper ad for $25, paid. f. Purchased equipment: ladders for $300, paid. g. Completed first job and received $2700 in cash h. Purchased $200 in supplies, paid i. Rented a sprayer for $40, paid j. Received $120 for completed job k. Received a bill of $15 for telephone, pay in 30 days I. Bought gasoline for $30, paid cash

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