$+$Following$+$are$+$the$+$first$+10+$transactions$+$completed

Repair$+$Shop:$+\backslash (+\backslash$square$+\backslash )$

a$.+$Started$+$the$+$business$+$with$+$a$+$cash$+$deposit$+$of$+\backslash (+\backslash$$$+1,800+\backslash )+$to$+$a$+$bank$+$account$+$in$+$the$+$name$+$of$+$the$+$business.

b$.+$Paid$+$three$+$months'$+$rent$+$in$+$advance$+$on$+$the$+$shop$+$space,$+\backslash (+\backslash$$$+675+\backslash ).$

c$.+$Purchased$+$repair$+$equipment$+$for$+$cash,$+\backslash (+\backslash$$$+700+\backslash ).$

d$.+$Completed$+$repair$+$work$+$for$+$customers$+$and$+$collected$+$cash,$+\backslash (+\backslash$$$+1,005\mathrm{.}50+\backslash ).$

e$.+$Purchased$+$additional$+$repair$+$equipment$+$on$+$credit$+$from$+$Comet$+$Company,$+\backslash (+\backslash$$$+415\mathrm{.}50+\backslash ).$

f$.+$Completed$+$repair$+$work$+$on$+$credit$+$for$+$Fred$+$Baca,$+\backslash$$$175.$

g$.+$Paid$+$Comet$+$Company$+\backslash (+\backslash$$$+290\mathrm{.}50+\backslash )+$of$+$the$+$amount$+$owed$+$from$+$transaction$+($e$).$

h$.+$Paid$+$the$+$local$+$radio$+$station$+\backslash (+\backslash$$$+75+\backslash )+$for$+$an$+$announcement$+$of$+$the$+$shop$+$opening.

i$.+$Fred$+$Baca$+$paid$+$for$+$the$+$work$+$completed$+$in$+$transaction$+($f$).$

j$.+$Withdrew$+\backslash (+\backslash$$$+350+\backslash )+$cash$+$from$+$the$+$bank$+$for$+$P$.+$L$.+$Wheeler$+$to$+$pay$+$personal$+$expenses.

Required

$1.+$Record$+$the$+$transactions$+$directly$+$in$+$the$+$T$-$accounts$+$that$+$follow.$+$Use$+$the$+$transaction$+$letters$+$to$+$identify$+$the$+$amounts$+$in$+$the$+$accounts.

$2.+$Prepare$+$a$+$trial$+$balance$+$as$+$of$+$the$+$current$+$date$+$using$+$the$+$form$+$that$+$follows.

Prepaid$+$Rent

Accounts$+$Payable

P$.+$L$.+$Wheeler,$+$Capital

P$.+$L$.+$Wheeler,$+$Withdrawals

Repair$+$Services$+$Revenue

Advertising$+$Expense