The following transactions are being entered into the accounting system. Using the Chart of Accounts (Figure 2-1 attached), determine the changes to the balance sheet, income statement, and job cost ledger as the result of entering each of the following transactions: [15 points]

1. A $14,800 invoice from a subcontractor for HVAC charged to job cost code 110.02.23100S, where 10% retention is withheld from the invoice.
2. A piece of equipment was sold for $65,000 in cash. It was purchased for $125,000 and $50,000 of depreciation has been taken. There are no outstanding loans for this equipment;
3. A $3,500 of depreciation for Main office
4. A 120,000 bill to a client for Job 225, and the client holds 10% retention
5. The first loan payment of $2,435 for an equipment, which includes $1655.8 in principal and $779.2 in interest;