A)Daniel Scott invested $210,750 of cash to start Gering Enterprises to start the company 70) Gering uses $5,500 cash to buy office furniture. C)Gering purchases $4,250 of office supplies on account. 9D) Gering pays $2,975 in cash for the first week of salaries for its two employee (mmediately recording it as expense.) 10 E)Gering provides service in the amount of $32,500 to a customer on account 11)Gering borrows $53,750 from the bank by signing a promissory note 12 G)Gering provides service to a customer in the amount of $15,250 and immediately collects cash. 13 H) Gering collects $15,250 as partial payment from the customer in D 14 11 Gering uses up $2.550 of the office supplies 151 Gering collects the remaining amount from the customer in D 16 K) Gering pays off $3,250 of the debt from transaction B Daniel withdrew 58,750 as a dividend to himself 17 18 20 Transaction Cash 21 AJ 22 B) 23 CJ 24 0.1 25 EJ 26 J 27 0.1 28 MJ 291) 30 31 K) ASSETS EQUITY Accounts Receivable Office Supplies Office Furniture Accounts Payable Common Stock Revenuts penses Phot 32 J 33 Totals 50 34 Total Assets 35 36 Total Liabilities 27 Total Equity 38 Total Liabilities and Equity 23 222 50 50 50 50 50 50 50 20 39