Please read the directions this needs to be completed within the hour

T Accounts and Trial Balance Wilhelm Kohl started a business in May 20-- called Kohl's Home Repair. Kohl hired a part-time college student as an assistant. Kohl has decided to use the following accounts for recording transactions: Assets Owner's Equity Cash Wilhelm Kohl, Capital Wilhelm Kohl, Drawing Accounts Receivable Office Supplies Prepaid Insurance Service Fees Equipment Van Rent Expense Liabilities Wages Expense Accounts Payable Phone Expense Gas and Oil Expense Revenue Expenses The following transactions occurred during May: (a) Invested cash in the business, $30,000. (b) Purchased a used van for cash, $9,000. (c) Purchased equipment on account, $3,000. Received cash for services rendered, $4,000. (d) (e) Paid cash on account owed from transaction (c), $2,000. Paid rent for the month, $800. (g) Paid telephone bill, $200. (h) Earned revenue on account, $5,000. (i) Purchased office supplies for cash, $100. (j) Paid wages to an assistant, $800. (k) Purchased a one-year insurance policy, $800. (1) Received cash from services performed in transaction (h), $3,300. (m) Paid cash for gas and oil expense on the van, $100. (n) Purchased additional equipment for $4,000, paying $1,000 cash and spreading the remaining payments over the next 10 months. (0) Earned service fees for the remainder of the month of $2,600: $1,200 in cash and $1,400 on account. (p) Withdrew cash at the end of the month, $2,000. Required: 1 and 2. Enter the transactions in T accounts, identifying each transaction with its corresponding letter. Foot and balance the accounts where necessary. Assets Liabilities + Dr. + Cr. - Dr. - Cr. + Dr. - Cash 9,000 (a) (d) 30,000 (b) 4,000 Bal. Accounts Payable Bal. Owner's Equity Wilhelm Kohl, Capital Cr. + Bal. Accounts Receivable Office Supplies Prepaid Insurance Dr. + Drawing W. Kohl, Drawing Cr. Dr. + Expenses Rent Expense Wages Expense Cr. Dr. - Revenues Service Fees Bal. Cr. H Van 3. Prepare a trial balance as of May 31, 20--. Kohl's Home Repair Trial Balance May 31, 20-- Account Debit Balance Credit Balance