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In October, Mills established an apartment rental service. The account headings are presented below: Transactions completed during the month of October follow. a. Mills deposited

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In October, Mills established an apartment rental service. The account headings are presented below: Transactions completed during the month of October follow. a. Mills deposited $32,000 in a bank account in the name of the business. b. Paid the rent for the month, $2,575, Ck. No. 2015 (Rent Expense). c. Bought supplies on account, $275. d. Bought a truck for $23,800, paying $3,400 in cash and placing the remainder on account. e. Bought insurance for the truck for the year, $1,525, Ck. No. 2016. f. Sold services on account, $4,875 (Service Income). 9. Bought office equipment on account from Henry Office Supply, $2,800. h. Sold services for cash for the first half of the month, $6,450 (Service Income). 1. Received and paid the bill for utilities, $160, CK. No. 2017 (Utilities Expense). j. Received a bill for gas and oil for the truck, $90 (Gas and Oil Expense). k. Paid wages to the employees, $1,340, CK. Nos. 2018-2020 (Wages Expense). 1. Sold services for cash for the remainder of the month, $4,675 (Service Income). m. Mills withdrew cash for personal use, $2,250, CK. No. 2021. Required: 1. Record the transactions and the balances after each transaction. 2. Write the account totals from the left side of the equal sign and add them. Write the account totals from the right side of the equal sign and add them. If the two totals are not equal, check the addition and subtraction, If you still cannot find the error, reanalyze each transaction. Enter increases to accounts as positive amounts and decreases to accounts as negative amounts. If an amount box does not require an entry, leave it blank or enter " 0

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