Using the following information I want you to calculate the net income/loss of the company, Only a portion of the accounts are listed so A.L.OE will not equal Solaries $400 A/P Stables 34 Cash 123 Advertising 789 Sales of Parts 4321 Fees Earned 6543 Rent Expense 689 Miscellaneous Expense 45 Utilities Expense 54 Capital 6000 A/R. Mr Smith 202 Record the debit and credit for each of the following transactions: Put for any item not affected Latities Equity Assets Dobit Deber Credit Debit Credit Credit increase) (decrease) (decrease) (increase) (decrease) Cincrease 1. Purchased a $10,000 truck on credit 2. Borrowed 55,000 cash from the bank 000111 DODDI 0000 100000 100000 3. Paid $2,000 of the bank loon in cosh 4. Paid 5600 in advance for one year Insurance policy 5. Received $500 in advance from a renter for next month's rental of office space 10,000 500 5.000 500 2.000 Check Required Record me debit and credit in the appropriate account for each of the following transaction Deber Credit 1. und shore capital for con 2. Purchased equipment on credit Paid for one year insurance policy Oiled a customer for repairs completed today 5. Paid this month's rent & Collected the amount baled in transaction bove 7. Collected cork for repairs completed today Paid for the ement previously purchased Signed union contract 10. Collected cash for repairs to be made for customers next month IL reed this month portion of presidence that was once wered ACCeceivable Neede Presiden tot De Cocina Costi Ches