313 Income Summary The following transactions took place during April 20 Apr. 1 Night invested cash in business, $90,000. 1 Paid insurance premium for six-month camping season, $9,000. 2 Paid rent for lodge and campgrounds for the month of April, S40,000. 2 Deposited registration fees, $35,000. 2 Purchased 10 fishing boats on account for $60,000. The boats have estimated useful lives of five years, at which time they will be donated to a local day camp. Arrangements were made to pay for the boats in July Purchased food supplies from Acme Super Market on account, $7,000. 3 5 7 Deposited registration fees, $38,600. 10 Purchased food supplies from Acme Super Market on account, $8,200 Purchased office supplies from Gordon Office Supplies on account, $500. Paid wages to fishing guides, $10,000. Deposited registration fees, $30,500. 10 14 (continued)