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[The following information applies to the questions displayed below.] George owns an insurance office, while Sara operates a maintenance service that provides basic custodial duties.
[The following information applies to the questions displayed below.] George owns an insurance office, while Sara operates a maintenance service that provides basic custodial duties. For the month of May, the following transactions occurred. May 2 Sara decides that she will need insurance for a one-day special event at the end of the month and pays George $210 in advance. May 5 Sara provides maintenance services to Georges insurance offices on account, $380. May 7 George borrows $410 from Sara by signing a note. May 14 Sara purchases maintenance supplies from Spot Corporation, paying cash of $155. May 19 George pays $380 to Sara for maintenance services provided on May 5. May 25 George pays the utility bill for the month
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