2 4. Prepare a balance sheet and income statement as a result of the following transactions: 3 a. Owner deposit of $2000 to open a bank account 4 b. Owner deposits an additional $500 in the bank account to increase his/her equity C. Purchase equipment: a used hand truck for $600, paid immediately 5 6 d. Bought insurance for the truck. Insurance cost is $40 for the month; paid first month e. Placed a newspaper ad for $25, paid. -7 f. Purchased equipment: ladders for $300, paid + 8 9 50 51 52 63 456 56 g. Completed first job and received $2700 in cash h. Purchased $200 in supplies, paid i. Rented a sprayer for $40, paid j. Received $120 for completed job k. Received a bill of $15 for telephone, pay in 30 days 1. Bought gasoline for $30, paid cash