Cash Accounts Receivable Supplies 1$ 255,000 160,000 60,000 Prepaid Insurance 0 Equipment 550,000 Accumulated Depreciation 320,000 Accounts Payable 80,000 5 Interest Payable 0 5 Utilities Payable 0 7 Unearned Revenue 60,000 0 565,000 Notes Payable 9 Owner Capital 0 Withdrawals 11 Service Revenue 2 Rent Expense 23 Salaries Expense 24 Insurance Expense 25 Supplies Expense 26 Utilities Expense 27 Depreciation Expense 28 Interest Expense 29 30 January Transactions: 31 32 January 1 000000000 Amount 33 Borrowed cash from bank at 4% interest for 1 year. All principal and interest due at maturity. $ 195,000 34 35 January 2 Purchased equipment on account. 25,000 36 37 January 4 Paid cash for January rent of the building. 2,250 38 39 January 5 Received cash from customers in payment of accounts receivable. 64,000 40 41 January 9 42 Paid cash for a one-year insurance policy that covers the period from January 1, 2018 through December 31, 2018. 31,200 43 44 January 11 Purchased supplies with cash. 10,000 45 46 January 15 Received cash for services provided to customers during January 76,000 47 48 January 18 Paid creditors on accounts payable. 48,000 49 50 January 28 Billed customers for services provided during January. 105,250 51 52 January 29 53 54 January 31 55 Owner withdrew cash. Received January utility bill to be paid in February 8,200 20,000 56 January 31 Paid January salaries. 57 115,000