A B C D E F G HI K M N O Q R S T W X Y Z AA ASSETS LIABILITIES OWNER'S EQUITY INCREASE: DEBIT INCREASE: CREDIT INCREASE: CREDIT DECREASE: CREDIT DECREASE: DEBIT DECREASE: DEBIT DR CR TRANSACTIONS--ANALYZE EACH ONE AND INSERT THE ENTRIES. 101 CASH 101 CASH 201 ACCTS PAYABLE 302 GRANT DRAWING 301 GRANT CAPITAL 104 ACCTS RECEIVABLE 1 Jane Grant invested $60,000 cash in the business, Grant Consulting. 106 SUPPLIES 110 EQUIPMENT 2 Grant paid rent on an office, $1,400 in cash. 112 ACC. DEPR. EQUIP. 201 ACCTS PAYABLE 3 Grant borrowed $12,000 cash from Bank of America, signing a note payable. 202 NOTES PAYABLE 202 NOTES PAYABLE 301 Grant CAPITAL 4 Grant purchased $900 of advertising from the Seattle Times. The advertising 302 Grant DRAWING 104 ACCTS RECEIVABLE fee will be paid to the Seattle Times in 30 days. 401 SERVICE REVENUE OPERATIONS 501 RENT EXPENSE 501 RENT EXPENSE 401 SERVICE REVENUE 5 Grant purchased supplies on account in the amount of $4,500. 503 ADVERT. EXPENSE 509 DEPR. EXPENSE 6 Grant purchased equipment for $20,000. Grant paid $4,000 and the rest 510 SUPPLIES EXPENSE 106 SUPPLIES will be paid in 30 days. TOTALS 0 0 In Balance? DR=CR? YES 503 ADVERT. EXPENSE 7 Grant provided services to customers on account, $9,000. 8 Accounts Payable were paid off, in the amount of $2,000. 110 EQUIPMENT 9 Cash was received from customers on account, 3,000. 509 DEPR. EXPENSE 10 Grant withdrew cash from the business, $2,900, to take her children to Disneyland. 112 ACC. DEPR. EQUIP. 11 At the end of the monthth, Grant counted the supplies. There were $1,700 510 SUPPLIES EXPENSE of supplies remaining. This means that $2,800 of supplies have been used. 13 Depreciation was recorded on the equipment, $400