MUST DO QUESTION

$12.$ Record the following transactions for Stokes Driving School in these accounts: Cash; Accounts Recievable$/$L$.$Starr; Equipment; Automobiles; Accounts Payable$/$Grant$\text{'}$s Esso; R$.$ Stokes, Capital; Revenue from Lessons; Salaries Expenses; Advertising Expense; Automobile Expense; Utilities Expense

Aug $1.$ R$.$ Stokes invested $$35,000$ cash.

$2.$ Purchased equipment for $$2000$ cash

$4.$ Purchased two cars from Dardick Motors for $$30,000$ cash

$5.$ Received $$700$ cash from customers driving lessons

$7.$ Paid $$700$ cash for instructors' salary for the first week

$9.$ Paid $$45$ cash to the telephone company

$10.$ Received $$800$ cash from customers taking driving lessons

$11.$ Issued a bill of $$100$ to L$.$Starr, who is taking lessons but will pay at a later date

$12.$ Paid $$95$ cash for hydro and electricity

$13.$ Sent $$290$ cheque to the Daily Star for advertising space

$14.$ Received $$100$ cash from L$.$ Starr in payment of a bill sent previously

A$)$ Balance the accounts and prepare a trial balance

B$)$ Prepare an income statement for the two weeks ended August $14.$