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n April, J . Rodriguez established an apartment rental service. The account headings are presented below. Transactions completed during the month of April follow. Assets
n April, J Rodriguez established an apartment rental service. The account headings are presented below. Transactions completed during the month of April follow. Assets Liabilities Owner's equity Accounts Prepaid Office Accounts Cash Receivable Supplies Insurance Truck Equipment Payable Capital Drawing Revenue Expenses Rodriguez deposited $ in a bank account in the name of the business. Paid the rent for the month, $ Ck NoRent Expense Bought supplies on account, $ Bought a truck for $ paying $ in cash and placing the remainder on account. Bought insurance for the truck for the year, $ Ck No Sold services on account, $Service Income Bought office equipment on account from Stern Office Supply, $ Sold services for cash for the first half of the month, $Service Income Received and paid the bill for utilities, $ Ck NoUtilities Expense Received a bill for gas and oil for the truck, $Gas and Oil Expense Paid wages to the employees, $ Ck Nos. Wages Expense Sold services for cash for the remainder of the month, $Service Income Rodriguez withdrew cash for personal use, $ Ck No Required: Record the transactions and the balance after each transaction. After all transactions have been entered, enter the total assets and the total liabilities plus owner's equity in the entry boxes below the transactions. If the two totals are not equal, check the addition and subtraction. If you still cannot find the error, reanalyze each transaction. If an amount box does not require an entry, leave it blank or enter Enter all answers as positive amounts.
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