Good afternoon, I need help with this assignment. Please use the table below. Thank you

 

Adler's Delivery Service completed the following transactions during the month of July:

A.Genesis Adler invested $30,000 in the delivery service from his personal savings account.

B.Bought delivery trucks on account, $14,000.

C.Bought office equipment for cash, $1,500.

D. Paid advertising expense, $500.

E.Collected cash for delivery services rendered, $2,400.

F. paid drivers' salaries, $900.

G.Paid gas expense for trucks, $1,100.

H. Performed delivery services for a customer on account, $900.

I. Telephone expense due but unpaid, $100.

J. Received $600 as partial payment of Transaction H.

K. Genesis withdrew cash for personal use, $250.

As Genesis Adler's newly hired accountant, you must perform the following:

1. Set up T accounts using the chart of accounts. Record transactions in the T accounts. (Place the letter of the transaction next to the entry.)
2. Foot the T accounts where appropriate and determine the ending balances.
3. Prepare a trial balance at the end of July.
4. Prepare from the trial balance, in proper form, (a) an income statement for the month of July, (b) a statement of owner's equity, and (c) a balance sheet as of July 31, 20XX.
 

 

Problem 2-6A
(1 & 2)	Cash     111			G. Adler, Withdrawals    312
	Accounts Receivable    112			Delivery Fees Earned    411
	Office Equipment     121			Advertising Expense      511
	Delivery Trucks      122			Gas Expense       512
	Accounts Payable    211			Salaries Expense     513
	G. Adler, Capital      311			Telephone Expense     514