Carl went to the local bar after work and spent the rest of the evening drinking. when he started to go home, he discovered that his truck had a flat tire, and he began kicking the truck's fenders. when fred saw the problem and heard carl ranting in anger at his truck, he offered to give carl a ten-dollar bill and a ride home for the truck. carl took the money and sat in the cab of the pickup until fred could change the tire and drive him home. when carl couldn't find his truck the next day, he reported his truck stolen. who owns the truck and why?

fred ,cause he never sell his car the 10 dollar bill is only for fixing his Tyre and driving him home

Oct.1

Dr Cash$67,300

Cr Common stock $67,300

Oct.2No Entry

Oct.4

Dr Rent expense$2,000

Cr Cash $2,000

Oct.7

Dr Equipment$18,400

Cr Cash $4100

Cr Accounts payable $14,300

Oct.8

Do Advertising expense$500

Cr Cash $500

Oct.10

Dr Repair expense$400

Cr Accounts payable $400

Oct.12

Dr Accounts receivable$3,300

Cr Service revenue $3,300

Oct.16

Dr Supplies$420

Cr Accounts payable $420

[Being To record purchase of supplies on account]

Oct.21

Dr Accounts payable$14,300

Cr Cash $14,300

($18,400-$4,100)

Oct.24

Dr Utilities expense$151

Cr Cash $151

Oct.27

Dr Cash$3,300

Cr Accounts receivable $3,300

Oct.31

Dr Salaries and wages expense$5,200

Cr Cash $5,200

Explanation:

Preparation of journal entries

Oct.1

Dr Cash$67,300

Cr Common stock $67,300

[Being To record investment in business]

Oct.2No Entry

Oct.4

Dr Rent expense$2,000

Cr Cash $2,000

[Being To record payment of rent]

Oct.7

Dr Equipment$18,400

Cr Cash $4100

Cr Accounts payable $14,300

($18,400-$4,100)

[BeingTo record purchase of equipment]

Oct.8

Do Advertising expense$500

Cr Cash $500

[Being To record payment of advertising expense]

Oct.10

Dr Repair expense$400

Cr Accounts payable $400

[Being To record repair expense]

Oct.12

Dr Accounts receivable$3,300

Cr Service revenue $3,300

[Being To record services performed on account]

Oct.16

Dr Supplies$420

Cr Accounts payable $420

[Being To record purchase of supplies on account]

Oct.21

Dr Accounts payable$14,300

Cr Cash $14,300

($18,400-$4,100)

[Being To record cash paid for accounts payable]

Oct.24

Dr Utilities expense$151

Cr Cash $151

[Being To record payment of utilities]

Oct.27

Dr Cash$3,300

Cr Accounts receivable $3,300

[Being To record collections from customers]

Oct.31

Dr Salaries and wages expense$5,200

Cr Cash $5,200

[Being To record payment of salaries and wages expense]