Assets Owner's Equity Cash Wilhelm Kohl, Capital Accounts Receivable Wilhelm Kohl, Drawing Office Supplies Revenue Prepaid Insurance Service Fees Equipment Expenses Van Rent Expense Liabilities Wages Expense Accounts Payable Phone Expense Gas and Oil Expense The following transactions occurred during May: (a) Invested cash in the business, $20,000. (b) Purchased a used van for cash, $9,000. (c) Purchased equipment on account, $3,000. (d) Received cash for services rendered, $5,000. (e) Paid cash on account owed from transaction (c), $3,000. (f) Paid rent for the month, $900. (g) Paid telephone bill, $100. (h) Earned revenue on account, $5,000. (i) Purchased office supplies for cash, $100. (j) Paid wages to an assistant, $800. (k) Purchased a one-year insurance policy, $1,000. (l) Received cash from services performed in transaction (h), $3,400. (m) Paid cash for gas and oil expense on the van, $190. (n) Purchased additional equipment for $5,000, paying $1,000 cash and spreading the remaining payments over the next 10 months. (o) Earned service fees for the remainder of the month of $3,700: $1,400 in cash and $2,300 on account. (p) Withdrew cash at the end of the month, $3,000