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Problem 5 Natalie Ray's lodging business ( she is a sole proprietor ) had the following activity: She invested $ 5 0 , 0 0

Problem 5
Natalie Ray's lodging business (she is a sole proprietor) had the following activity:
She invested $50,000 in the business.
The lodging business purchased a van, paying $5,000 down and borrowing $20,00
0 from the bank.
The business purchased operating supplies for $1,000.
The business prepaid $2,000 for rent for the first month.
The business prepaid $2,000 for insurance for the year.
The business purchased additional operating supplies on account from RM Wholesa le, for $5,000.
The business purchased several pieces of equipment for $30,000 cash.
Required:
Prepare a table similar to Table I and show the impact of these activities on the followin g accounts:
Cash
Operating supplies
Prepaid insurance
Prepaid rent
Equipment
Van
Accounts payable
Bank load
Natalie Ray, Capital

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