Cash Opening Balances $5,960 Accounts Receivable $1,490 Prepaid Rent $1,880 Equipment $4,280 Accounts Payable $1,650 Bank Loan $5,130 Gomez, Capital $6,830 1) Arleen invested $13,700 cash in the business. 2) Paid two months of rent for $900 in advance. 3) Paid insurace expenses with $1,290 cash. 4) Received $2,340 cash from customers for tours given during the month. 5) Provided a corporate group tour worth $2,110 on account. 6) Received $870 in bills for utilities to be paid next month. 7) Arleen withdrew $820 cash for personal purposes. 8) Received $340 owing from a group tour provided earlier this month. 9) Purchased office equipment worth $3,000 with cash. 10) Incurred business registration expenses, paid with $540 cash. 11) Paid $1,260 in wages to a tour guide. 12) Borrowed $1,240 cash from the bank. Increase Opening: $ Transaction # 1 Transaction # 2 Gomez Cabinet Repair Balance Sheet As at March 31, 2022 Assets Decrease Cash Liabilities Decrease Increase Accounts Payable Opening: $ Transaction # 1 Transaction # 2 Transaction # 3 Transaction # 3 Transaction #4 Transaction # 4 Transaction # 5 Transaction #5 Transaction # 6 Transaction # 6 Transaction #7 Transaction # 7 Transaction #8 Transaction #8 Transaction # 9 Transaction # 9 Transaction # 10 Transaction # 10 Increase Decrease Decrease Increase Accounts Receivable Bank Loan Opening: $ Opening: Transaction # 1 Transaction # 2 Transaction # 1 Transaction # 2 Transaction # 3 Transaction # 3 Transaction #4 Transaction #4 Transaction # 5 Transaction # 5 Transaction # 6 Transaction #6 Transaction # 7 Transaction # 7 Transaction #8 Transaction #8 Transaction # 9 Transaction # 9 Opening: $ Increase Transaction #1 Transaction #2 Decrease Decrease Increase Prepaid Rent Gomez, Capital Opening: $ Transaction #1 Transaction #2 Transaction # 3 Transaction # 3 Transaction #4 Transaction # 4 Transaction #5 Transaction #5 Transaction # 6 Transaction # 6 Transaction #7 Transaction # 7 Transaction #8 Transaction #8 Opening: $ Increase Transaction # 1 Transaction # 2 Decrease Increase Decrease Equipment Gomez, Drawings Transaction # 1 Transaction # 2 Transaction # 3 Transaction # 3 Transaction #4 Transaction #4 Transaction # 5 Transaction #5 Transaction # 6 Transaction # 6 Transaction #7 Transaction # 7 Transaction #8 Transaction #8 Transaction #9 Transaction # 9 Transaction # 10 Tronco # 11 Transaction # 10 Troncoction # 11 Total Assets $ Total Liabilities $ Owner's Equity $ Gomez Cabinet Repair Income Statement For the Month Ended March 31, 2022 REVENUE Decrease - Transaction # 1 Transaction # 2 Transaction # 3 Transaction #4 Transaction # 5 Transaction # 6 Transaction # 7 Transaction #8 Increase + Increase Decrease Registration Transaction # 1 Transaction #2 Transaction # 3 Expenses Increase Decrease Wages Transaction # 1 Transaction #2 Transaction # 3 Transaction # 4 Transaction #4 Transaction # 5 Transaction # 5 Transaction # 6 Transaction # 6 Transaction #7 Transaction # 7 Transaction #8 Transaction #8 Transaction #9 Transaction #9 Transaction # 10 Transaction # 10 Increase Decrease Insurance Transaction # 1 Transaction #2 Transaction # 3 Increase Decrease Utilities Transaction # 1 Transaction #2 Transaction # 3 Transaction # 4 Transaction # 4 Transaction # 5 Transaction # 5 Transaction # 6 Transaction #6 Transaction #7 Transaction # 7 Transaction #8 Transaction #8 Transaction # 9 Transaction #9 b) Prepare a trial balance to verify the transactions were recorded properly. Gomez Cabinet Repair Trial Balance As at March 31, 2022 Account Titles Cash Accounts Receivable Prepaid Rent Equipment Accounts Payable Bank Loan Gomez, Capital Gomez, Drawings Revenue Registration Wages Insurance Utilities Total DR CR