No. Date Transaction 1 2 77/2 3 4 5 6 7 8 9 10 11 12 13 14 7/3 7/3 7/3 7/5 715 7/6 7/6 777 777 7/8 Jay opened two accounts at Union State Bank, using $3,000 of his own money. He deposited $2,500 in a checking account and $500 into savings. Jay borrowed $6,000 from his Aunt Emma and signed a note with 8% interest. Under the terns of the note, he must make payments of $250 plus accrued interest on the first day of each month. Jay put $4,500 into his checking account and $1,500 into savings. Jay purchased a 2004 Nissan pickup truck by writing a check for $4,820. Jay purchased insurance for the pickup truck at a cost of $150 per month. He paid for the month of July. Jay established a cell phone account for the business. The phone was free, and he paid $75 for the first month's service. Jay returned to the bank and applied for a VISA@ card. He received a card with a $1,000 credit limit. Jay purchased a lawn mower and garden tools on account from Love]] Home & Garden Center. The total cost was S1,080. (Debit Lawn Equipment.) Jay purchased $185 worth of gloves, stakes, trimmer lines, and other supplies at the local hardware store using his VISA card. Jay paid $80 cash for gas and oil for his pickup truck and the mower. A box of 500 additional checks arrived from the bank along with a memo that the $25 cost was charged to Jay's checking account. He considered this an immaterial amount and charged it all to Office Supplies Expense. Jay had 1,500 advertising flyers printed to promote his new business. The flyers cost $225 and are considered advertising materials. He also purchased $90 of office supplies. Jay used his VISA for all of these purchases. One of Jay's neighbors, Mr. Adams, is leaving town for six weeks. He paid Jay $360 to mow his lawn each week and keep his hedges trimmed while he is away. 7/9 Jay paid $75 cash to rent some equipment needed for the Foster job (see transaction 15). 7/10 Jay purchased another $60 of gas using his VISA card.