Write the account tolais I account totals from the right side of the equal sig are not equal, check the addition and subtraction. If you still cal reanalyze each transaction. 3. ng Service The account headings are presented below. Transactions completed during the month follow PROBLEM 1-4A On March 1 of this year, B. Gervais established Gervais Catering Assets = Liabilities + Owner's Equity Prepaid Catering Accounts pplies + Insurance+ Truck +Equipment Payable +Capital - Drawing+ Revenue Expenses Gervais deposited $25,000 in a bank account in the name of the business. b. Bought a truck from Kelly Motors for $26,329, paying $8,000 in cash and placing a. the balance on account, Ck. No. 500. Bought catering equipment on account from Luigi's Equipment, $3,795. c. d. Paid the rent for the month, $1,255, Ck. No. 501 (Rent Expense). e. Bought insurance for the truck for one year, $400, Ck. No. 502. f Sold catering services for cash for the first half of the month, $3,012 (Catering Income)