Reference no: EM132953554

Problem 1: Create T-accounts for the transactions presented. Carlos Rodriguez started a business dedicated to construction. During the first month, the following transactions were made:

February

1- Carlos Rodriguez made an initial investment in the business of $40,000.

4- Materials (supplies) were purchased for $2,000 in cash.

6- A construction job was done for a customer for $7,000 and paid in cash.

10- Worked on the roof of a house for $4,000 on credit.

12- A piece of construction equipment was purchased for $1,300 on credit.

15- A month's rent was paid for $1,800.

18- A truck was purchased on credit for $25,000.

20- A payment was made to the account of the truck purchased for $1,000.