4. In Section 4.1 on page 92, you set up the ledger for Marci's Massage Thera- pies and you prepared an opening balance sheet. Your Workbook has du- plicated the business's ledger for you. Use the T-account ledger in your Workbook to enter the following transactions that occurred on July 2, 20-. Number the amount of each transaction. 1. Purchased a new massage table for $498 on credit from Live Well Equip- ment. Live Well gives 30 days to pay the bill for this equipment, 2. John Goertzen, a customer, paid the amount he owed in full. 3. Cash received from drop-in customers totalled $360. 4. Paid BodyWorks Supply $1000 of the amount owed. 5. The cellphone bill arrived via email and was paid immediately from the online cash account. The total was $152. 6. Linda Tyler had her regular appointment. She was given 30 days to pay the $120 fee charged. 7. Borrowed $3000 from the bank. 8. Sold some of the old office furniture. It originally cost $1300, but Marci only received $400 in cash for it. 14.3 Account Balances and Terminology You started working with the accounts of Pacific Trucking on page 89. Then you worked out the accounting entries for seven transactions. After these accounting entries are entered in the accounts, the ledger appears as shown in Figure 4.5. 14.3 Account Balances and Terminology You started working with the accounts of Pacific Trucking on page 89. Then you worked out the accounting entries for seven transactions. After these accounting entries are entered in the accounts, the ledger appears as shown in Figure 4.5. Assets Liabilities A/R Cash W. Caruso Bank Loan 3 265 500 150 18 000 200 2 500 400 650 Equity B. Rissien, Capital 650 60 287 400 350 A/R R. Van Loon 620 200 350 Supplies 2465 A/P Dini Bros. 500 1516 5 500 200 / Trucks Equipment Packham Products 55075 22 174 3 946 8 000 2000 Figure 4.5 The ledger of Pacific Trucking after recording the accounting entries for seven transactions Opening balances appear in blue. 4. In Section 4.1 on page 92, you set up the ledger for Marci's Massage Thera- pies and you prepared an opening balance sheet. Your Workbook has du- plicated the business's ledger for you. Use the T-account ledger in your Workbook to enter the following transactions that occurred on July 2, 20-. Number the amount of each transaction. 1. Purchased a new massage table for $498 on credit from Live Well Equip- ment. Live Well gives 30 days to pay the bill for this equipment, 2. John Goertzen, a customer, paid the amount he owed in full. 3. Cash received from drop-in customers totalled $360. 4. Paid BodyWorks Supply $1000 of the amount owed. 5. The cellphone bill arrived via email and was paid immediately from the online cash account. The total was $152. 6. Linda Tyler had her regular appointment. She was given 30 days to pay the $120 fee charged. 7. Borrowed $3000 from the bank. 8. Sold some of the old office furniture. It originally cost $1300, but Marci only received $400 in cash for it. 14.3 Account Balances and Terminology You started working with the accounts of Pacific Trucking on page 89. Then you worked out the accounting entries for seven transactions. After these accounting entries are entered in the accounts, the ledger appears as shown in Figure 4.5. 14.3 Account Balances and Terminology You started working with the accounts of Pacific Trucking on page 89. Then you worked out the accounting entries for seven transactions. After these accounting entries are entered in the accounts, the ledger appears as shown in Figure 4.5. Assets Liabilities A/R Cash W. Caruso Bank Loan 3 265 500 150 18 000 200 2 500 400 650 Equity B. Rissien, Capital 650 60 287 400 350 A/R R. Van Loon 620 200 350 Supplies 2465 A/P Dini Bros. 500 1516 5 500 200 / Trucks Equipment Packham Products 55075 22 174 3 946 8 000 2000 Figure 4.5 The ledger of Pacific Trucking after recording the accounting entries for seven transactions Opening balances appear in blue