Assets Office Professional Cash + Supplies + Equipment + Equipment = Liabilities + Accounts Owner's Equity = Payable + Capital - Drawing + Revenue - Expenses a. Marion deposited $28,000 in a bank account in the name of the business. b. Paid the office rent for the month, $1,300, Ck. No. 2001 (Rent Expense). c. Bought supplies for cash, $360, Ck. No. 2002. d. Bought professional equipment on account from Rehab Equipment Company, $17,500. e. Bought office equipment from Hi-Tech Computers, $2,860, paying $880 in cash and placing the balance on account, Ck. No. 2003. f. Sold professional services for cash, $4,500 (Professional Fees). g. Paid on account to Rehab Equipment Company, $750, Ck. No. 2004. h. Received and paid the bill for utilities, $350, Ck. No. 2005 (Utilities Expense). i. Paid the salary of the assistant, $1,075, Ck. No. 2006 (Salary Expense). j. Sold professional services for cash, $3,872 (Professional Fees). k. Marion withdrew cash for personal use, $1,800, k. No. 2007. 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. If the two totals are not equal, check the addition and subtraction. If you still cannot find the error, re-analyze each transaction. If an amount box does not require an entry, leave it blank or enter "0". Enter increases to accounts as positive amounts and decreases to accounts as negative amounts. Assets = Liabilities + Owner's Equity Office Professional Accounts R. Marion, R. Marion, Cash + Supplies + Equipment + Equipment = Payable Capital - Drawing + Revenue - Expenses