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Details Gervais deposited $25,000 in a bank account in the name of the business. Bought a truck from Kelly Motors for $26,329, paying $8,000 in
Details Gervais deposited $25,000 in a bank account in the name of the business. Bought a truck from Kelly Motors for $26,329, paying $8,000 in cash and placing the balance on account, Ck. No. 500. Bought catering equipment on account from Luigi's Equipment, $3,795. Paid the rent for the month, $1,255, Ck. No. 501. Bought insurance for the truck for one year, $400, Ck. No. 502. Sold catering services for cash for the first half of the month, $3,012. Bought supplies for cash, $185, Ck. No. 503. Sold catering services on account, $4,307. Received and paid the heating bill, $248, Ck. No. 504. Received a bill from GC Gas and Lube for gas and oil for the truck, $128. Sold catering services for cash for the remainder of the month, $2,649. Gervais withdrew cash for personal use, $1,550, Ck. No. 505. Paid the salary of the assistant, $1,150, Ck. No. 506. REQUIRED Record the transactions and the balance after each transaction. Total the left side of the accounting
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