Unit 3 Activity 2 The following is a transaction sheet for ABC Ltd. Enter the eight transactions below. The first transaction is done for you. Use the dropbox to submit the assignment. Equipment Trucks Cash A/R Beginning 1000 500 700 Balance Trans 1 +10000 Trans 2 Trans 3 Trans 4 Trans 5 Trans 6 Trans 7 Trans 8 200 = Accounts Payable Loan Payable + Owner's Equity 400 + 2000 II II = + +10000 + + + + + + 1. Invest 10,000 in the business. 2. Purchase equipment for $5,000. Paid $1,000 cash and signed a loan to pay the remaining $4,000 3. Provided services to a customer valued at $300. The customer paid cash. 4. Paid $600 to reduce the loan. 5. Sold services for $3000 on credit (customer will pay later). 6. Sold the company truck for $200. 7. Paid the hydro bill of $50. 8. Purchased another truck for $10,000. Paid for half the truck right away and signed a loan for the rest