Invested $150,000 into the business Purchased 5 cars at $15,000 each Paid 15% down and put the balance on a note Paid $15,000 for a two-year life in premium Purchased $45,000 in supplies on account Cash car rental revenue received $175,000 Purchased equipment on account for $5,000 Paid $10.000 m rent expense Paid $5,000 towards the principal on the note and $2, 500 towards interest expense Car rental revenue earned from corporate customers $250,000 10. Collected $150,000 from corporate customers Paid $10,000 m dividends Paid $20,000 in office salaries