Problem 8 Dwayne Kent on January 1, 20X1, opened the Double K Inn, a ten-room lodging facility. During the first three days the following transactions were completed. a. He invested $50,000 of his personal cash in a bank account opened in the name of Double K Inn. b. He paid $2,000 for the month of January to lease a building containing the ten guest- rooms. c. He rented rooms for the three days and collected an average of $50 per room for the fifteen rooms that were "sold." Treat this activity as a single transaction to keep things simple. d. He purchased guest supplies on account from Hotel Suppliers, Inc., for $300. e. He paid an advertising bill of $500