Then prepare a ledger, and balance sheet I Date May 1 Account-Explain Prepaid-insurance 1 year Prepaid -rent 4 months Vehicle-minivan Dr Cr $1,200 8,000 9,000 Notes Payable - Carland 4 yr loan 5,000 Cash 2. Equipment-Coffee Machine IBO-Mr.E 13,200 80 80 3. Supplies-stationary Accounts Payable - Staples 500 500 4. Cash Revenue IBO-Mr. E 17,000 2,000 7,000 IBO-Mrs. E 8,000 5. Accounts Receivable-Mrs. Pink 3,000 Revenue 3,000 6. Accounts Payable - Staples 200 Cash 200 7. Equipment-Computer 2,000 Accounts Payable-CanComp 1,500 Cash 500 550 10 Salary Expense 550 Cash 40 10 10 Cash Salary Expense Cash 11 WBO-Mrs. E Supplies 14 Cash 11 12 13 14 15 16 17 500 550 550 40 40 700 Unearned Revenue -Ms. Yellow 700 15 Accounts Payable - Staples 200 Cash 200 16 Cash 1,000 Accounts Receivable-Mrs. Pink 1,000 19 Cash 1,000 Accounts Receivable-Mr. Brown 1,000 Revenue 2,000 21 Accounts Payable-CanComp 400 Cash 400 24 Cash 2,000 IBO-Mr.E 2,000 25 Cash 2,000 22 21 Accounts Payable-CanComp Cash 400 400 24 Cash 2,000 IBO-Mr.E I 2,000 25 25 Cash 1,000 Accounts Receivable-Mr. Brown 1,000 28. Utilities-Gas/Hydro Expense 150 Cash 150 29. Unearned Revenue -Ms. Yellow 500 Revenue 500 31. Supplies Expense 200 Supplies 200 31. Prepaid-insurance Expense 100 Prepaid-insurance 100 31. Amortization Expense-minivan 79.99 Accumulative Amortization-minivan 79.99 31. Salary Expense-2 days pay 200 Salary Payable $200