Ed View History Bookmarks Window Help Set 10 50 AM newconnectmeducation.com r 2 Homework Save & Exte Check my work The terms making up the balance sheet of Phillips Truck Rental at December 31 are listed below in tabular form sete Account office Receivable at 113.900 $3,810 List Rosto Tayable Table $10.000 $10,200 Capital tok Balance 59,560 568,000 During a short period ofter December 31, Phillips Truck Rental had the following transactions, 1. Bought office equipment at a cost of $2.500. Paid cash. 2. Collected $5.000 of accounts receivable 3. Peid $2.400 of accounts payable 4. Borrowed $20,000 from a bank signed a note payable for that amount 5. Purchased two trucks for $27.000. Paid $13,000 cash and signed a note peyotle for the balance 6. Sold additional stock to investors for $81.000 Required: . Record the effects of each of the six transactions in the preceding tabularrangement (Enter decreases to accounts as a negative) Capital Cush 9.500 Asses Accounts Onice Receivable Equine S 13.500 5 30 Acco Payable 5 10.200 $ 68.000 $ December States 20.000 5 65.000 11 $ $ 3500 3.00 3 3.500 $ 20.000 68.000 5 10.200 5 65.000 Balance 2 Prev 1 of 5 Next > MacBook Air 80 F FE COD 4 # 3 $ 4 % 5 & 7 B 0 6 9 2 u D . C Edit View History Bookmarks Window Help 71 newconnect.meducation.com pter 2 Homework Help Save & Ex Chec 1 Required: b. Record the effects of each of the six transactions in the preceding tobular arrangement. (Enter decreases to accounts as a negative) xooed Caners Equity Cash Asta Accounts Office Receivable Equipment $ 13,900 S 3100 Trucks Liabilities Notes Accounts Payable Payable $ 20.000 $ 10.200 S 9,500 $ 000 Stock $ 66.000 $ 9,500 $ 19.900 $ 360 $ 8.000 $ 10.200 $ 65,000 December 31 balances 1. Balances 2 Balances 3 Balances $ 9,500 $ 13.900 5 3.800 S 68.000 $ 20.000 $ 10.200 $ 65.000 $ 9.500 $ 13.900 $ 3 $ 8.000 $20.000 $ 10.200 $ 65,000 $ 9.500 5 13.900 5 3.000 $ 0.000 $ 20,000 $ 10.200 $ 65.000 Balances 5 Balances 5 9.500 $ 13.900 $ 3.800 $ 68,000 $ 20,000 5 10.200 S 65.000 Balances $ 9.500 S 13.900 $ 6000 $ 20.000 5 10.200 $ 65.000 Prev 1 of 5 II Next > 6 MacBook Air 80 73 999 A * # 3 $ 4 % 5 & 7 2 6 8 9