Cash $28,300$ Accounts payable $10,200$

Accounts receivable $4,600$

Allowance for doubtful accounts $(1,200)$

Notes Payable $-$

Supplies $1,000$

Common stock $40,000$

Land $62,000$

Retained earnings $104,500$

Equipment $-$

A$/$D $-$ equipment $-$

Vehicles $-$

A$/$D $-$ vehicles $-$

Building $140,000$

A$/$D $-$ building $(80,000)$

$154,700154,700$

During the first quarter, the following transactions occurred:

$1.$ On January $3,$ purchased and received $$3,400$ of supplies on account. Rossie paid $$200$ in cash directly to

the shipping company using Check #$753($hint: debit Miscellaneous Expenses for the $$200).$

$2.$ On January $11,$ Rossie paid for the supplies purchased on January $3.$ Rossie used check #$754.$

$3.$ On January $20,$ paid employees $5,200$ of wages with Check #$755.$

$4.$ On January $31,$ purchased a truck for $$23,000.$ Rossie wrote a check $($#$756)$ for $$5,000$ and took out a Note Payable for the remaining amount. Vehicles have a $7-$year useful life and no salvage value.

$5.$ On February $1,$ provided services, on account, for $$18,500$ to Willert Corp.

$6.$ On February $14,$ paid $$6,600$ on accounts payable. Check #$757$ was used.

$7.$ On March $1,$ purchased equipment for $$18,000$ with a Note Payable. Equipment has a $5-$year useful life and $$3,000$ salvage value.

$8.$ On March $1,$ paid miscellaneous expenses of $$1,200.$ Check #$758$ was used.

$9.$ On March $20,$ received a check from Willert Corp for $$9,500$ to pay a portion of what is owed to Rossie.

$10.$ On March $21,$ provided services, on account, for $$22,800$ to Armstrong Inc.

$11.$ On March $22,$ found out that Willert Corp. filed for bankruptcy. Rossie therefore, wrote off the remaining amount owed by Willert Corp.