Rachel Walter opened a motel called Roomies near a college campus. During the first month of operations, May 2021, Rachel had the following transactions.

1. Rachel invested $16,400 of personal funds to start the business.
2. Incurred advertising expenses for $1,380, which will be paid later.
3. Paid $770 cash for maintenance expenses.
4. Received $6,000 cash from guests during the month.
5. Paid $1,380 related to the purchase in transaction 2.
6. Paid three months of rent for its separate office space in advance, in the amount of $1,800.
7. Incurred $520 of utilities expenses, which will be paid next month.

3) Received $1,080 cash from a customer for a private function to be held in two months.

1. Sold rooms for a private function for $1,270 which the customer will pay later.
2. Paid $470 in legal fees for consultation about the business.
3. Rachel withdrew $810 cash for personal use.
4. Purchased a second-hand shuttle van worth $7,460 with cash.
5. Received $830 from the customer in transaction 9