what transation does the questions fall into
Cash + Accounts Rec
+ Office Supplies + Prepaid
Insurance = Accounts Payable
+ Capital - Drawing
+
Revenues - Expenses
Cash was invested in business, $35,000
Bought supplies on account, $1,150.
Bought a truck $2,500; $750 in cash and rest on account.
Paid telephone bill, $85.
Received cash from clients for delivery fees, $3,750
Paid part-time wages for month, $250.
Made partial payment for truck from transaction (c), $1,050.
Withdrew cash for personal use, $400.
Paid electric bill, $150
Billed clients for services performed, $125.
Paid premium for insurance, $250.
Paid rent for the month of May, $2,000.
Billed clients for services performed, $1,600.
Received cash on account from services performed in transaction (j), $125.
Paid for advertising for the month, $50
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