June 1 The company was organized and received USD 200,000 cash from the issuance of capitalstock.4The company paid USD 48,000 cash for a truck.7The company borrowed USD 10,000 from its bank on a note.9Cash received for repair services performed was USD 4,500.12Expenses of operating the business so far this month were paid in cash, USD 3,400.18Repair services performed for a customer who agreed to pay within a month amounted toUSD 5,400.25The company paid USD 4,065 on its loan from the bank, including USD 4,050 of principaland USD 15 of interest. (The principal is the amount of the loan. Interest is an expense, whichreduces retained earnings.)30Miscellaneous expenses incurred in operating the business from June 13 to date were USD3,825 and were paid in cash.30An order (contract) was received from a customer for repair services to be performedtomorrow, which will be billed at USD 3,000.a. Prepare a summary of transactions (see Part A of Exhibit 4). Include money columns for Cash,Accounts Receivable, Trucks, Notes Payable, Capital Stock, and Retained Earnings. Determinebalances after each transaction to show that the basic accounting equation balances.b. Prepare a balance sheet as of 2010 June 30.Alternate problem C Following are summarized transaction data for Luxury Apartments, Inc.,for the year ending 2010 June 30. The company owns and operates an apartment building.Rent revenue from building ownedUSD 150,000Building repairs2870Building cleaning, labor cost3185Property taxes on the building4000Insurance on the building1225Commissions paid to rental agent5000Legal and accounting fees (for preparation oftenant leases)1260Utilities expense8225Cost of new awnings (installed on June 30, will last 10 years)5000Of the USD 150,000 rent revenue, USD 5,000 was not collected in cash until 2010 July 5.