(a) We bought a Van for $45,000. We paid $6,000 down, and signed a note for the remainder of the purchase _________________________________ ______________ _________________________________ ______________ _________________________________ ______________ (b) We received $2,500 on account from a customer. _________________________________ ______________ __________________________________ _______________ (c) We paid $1,500 on account. __________________________________ ______________ __________________________________ ______________ (d) We earned $35,000 and we will bill our customers next week

__________________________________ _______________ __________________________________ _______________ (e) We bought an Insurance Policy and paid cash of $1200. _________________________________ _______________ _________________________________ _______________ The owner (J. J. Jones invested $45,000 in the business. ________________________________ _______________ ________________________________ ________________ The owner, J. J. Joes withdrew $6,000 for personal use. _______________________________ _________________ _______________________________ _________________ We bought Merchandise Inventory of $10,000 on account. ________________________________ ________________ ________________________________ ________________