Problem No.1 BARONE'S REPAIR, INC Barone established her own business called Richtor's Self Storage. The account headings are presented On the worksheet, (Next Page). Transactions completed during the month are listed below. 1. Deposited $12,000 in a business bank account. 2. Bought Office equipment on account from Molly Company for 3,100. 3. Pald rent for the month of $2,400. 4. Bought supplies paying cash in the amount of $450. 5. Paid employee wages of $980. 6. Received cash for storage services in the amount of $3,600. 7. Received and paid the utility bill in the amount of $252. & Pair Lar's Graphics for $428. (Not previously recorded). 9. Paid for a one-year liability Insurance policy for $835. 10. Billed customers for storage services on account in the amount of $3,370 Instructions A. Record the transactions in columnar form, write + and - signs, and show the running baland after each recorded transaction to be sure the equation is in balance. B. Foot the column ending totals at the bottom to show that the basic accounting equation is in Balance.