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a. Rodriguez deposited $70,000 in a bank account in the name of the business b. Paid the rent for the month, $2,000, Ck No.
a. Rodriguez deposited $70,000 in a bank account in the name of the business b. Paid the rent for the month, $2,000, Ck No. 101 (Rent Expense). c. Bought supplies on account, $150 d Bought a truck for $23,500, paying $2,500 in cash and placing the remainder on account e. Bought insurance for the truck for the year, $2,400, Ck. No. 102. f. Sold services on account, $4,700 g. Bought office equipment on account from Stern Office Supply, $1,250 h. Sold services for cash for the first half of the month, $8,250. i. Received and paid the bill for utilities, $280, Ck. No. 103. Received a bill for gas and oil for the truck, $130. k. Paid wages to the employees, $2,680, Ck Nos. 104-106. I Sold services for cash for the remainder of the month, $3,500 m. Rodriguez withdrew cash for personal use, $4,000, Ck. No. 107. Required: 1. Record the transactions and the balance after each transaction 2. After all transactions have been entered, enter the total assets and the total liabilities plus owner's equity in the entry boxes below the transactions
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