Juanita Ortega operates Outback Guide Service. She uses the following accounts to record and summarize her business transactions. 

For each transaction:

1. Prepare a T account for each account the business uses. 2. Analyze and record each of the following transactions using the appropriate T accounts. Identify each transaction by number.

3. After recording all transactions, compute and record the account balance on the normal balance side of each T account.

4. Test for the equality of debits and credits.

Transcribed Image Text:

General Ledger 101 Cash in Bank 105 Accounts Receivable- Mary Johnson 150 Rafting Equipment 205 Accounts Payable- Peak Equipment Inc. 301 Juanita Ortega, Capital 302 Juanita Ortega, Withdrawals 401 Guide Service Revenue 505 Maintenance Expense 515 Rent Expense 520 Utilities Expense