Problem 5 Natalie Ray's lodging business (she is a sole proprietor) had the...
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Problem Natalie Ray's lodging business she is a sole proprietor had the following activity: She invested $ in the business. The lodging business purchased a van, paying $ down and borrowing $ from the bank. The business purchased operating supplies for $ The business prepaid $ for rent for the first month. The business prepaid $ for insurance for the year. The business purchased additional operating supplies on account from RM Wholesa le for $ The business purchased several pieces of equipment for $ cash. Required: Prepare a table similar to Table I and show the impact of these activities on the followin accounts: Cash Operating supplies Prepaid insurance Prepaid rent Equipment Van Accounts payable Bank load Natalie Ray, Capital 
Problem
Natalie Ray's lodging business she is a sole proprietor had the following activity:
She invested $ in the business.
The lodging business purchased a van, paying $ down and borrowing $
from the bank.
The business purchased operating supplies for $
The business prepaid $ for rent for the first month.
The business prepaid $ for insurance for the year.
The business purchased additional operating supplies on account from RM Wholesa le for $
The business purchased several pieces of equipment for $ cash.
Required:
Prepare a table similar to Table I and show the impact of these activities on the followin accounts:
Cash
Operating supplies
Prepaid insurance
Prepaid rent
Equipment
Van
Accounts payable
Bank load
Natalie Ray, Capital
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