Sue Jantz started a business in August 20- called Jantz Plumbing Service. Jantz hired a part-time college student as an administrative assistant. The following transactions occurred during August (a) Invested cash in the business, $30,000. (b) Purchased a used van for cash, $8,000. (c) Purchased plumbing equipment on account, $4,000. (d) Received cash for services rendered, $3,000. (e) Paid cash on account owed from transaction (c), $1,000 (f) Paid rent for the month, $700. (g) Paid phone bill, $100. (h) Earned revenue on account, $4,000. (1) Purchased office supplies for cash, $300. () Paid wages to student, $500. (k) Purchased a one-year insurance policy, $800. (1) Received cash from services performed in transaction (h), $3,000. (m) Paid cash for advertising expense, $2,000. (n) Purchased additional plumbing equipment for $2,000, paying $500 cash and spreading the remaining payments over the next six months. (0) Earned revenue from services for the remainder of the month of $2,800: $1,100 in cash and $1,700 on account. (p) Withdrew cash at the end of the month, $3,000. Required: 1. Enter the transactions in T accounts, identifying each transaction with its corresponding letter. 2. Foot and balance the accounts where necessary. 3. Prepare a trial balance as of August 31, 20-- E

T-Accounts Accounts Receivable Office Supplies Prepaid Insurance Bal. Plumbing Equipment Van Dr. Liabilities Accounts Payable T-Accounts Expenses Rent Expense Wages Expense Phone Expense Advertising Expense Revenues Dr. Service Fees Bal. T-Accounts Accounts Payable Sue Jantz, Drawing Expenses \begin{tabular}{|l|l|l|} \hline Dr. & Cr. & - \\ \hline \end{tabular} Rent Expense Wages Expense Trial Balance 3. Prepare a trial balance as of August 31, 20-. Sue Jantz UNADJUSTED TRIAL BALANCE. August 31, 20-. ACCOUNT TITLE oeerr CREOIT 1 Cash 2 Accounts Receivable 3 Office Supplies 4 Prepaid Insurance 5 Plumbing Equipment 6 Van 7 Accounts Payable 8 Sue Jantz, Capital 9 Sue lantz, Drawing 10 Service Fees 11 Rent Expense 12 Wages Expense 13 Phone Expense 14 Advertising Expense 15 Totals 1. Enter the transactions in T accounts, identifying each transaction with its corresponding letter. 2. Foot and balance the accounts where necessary. Sue Jantz started a business in August 20 - called Jantz Plumbing Service. Jantz hired a part-time college student as an administrative assistant The following transactions occurred during August. (a) Invested cash in the business, $30,000. (b) Purchased a used van for cash, $8.000 (c) Purchased plumbing equipment on account, $4,000. (d) Received cash for services rendered, $3,000 (e) Paid cash on account owed from transaction (c), $1,000 (f) Paid rent for the month, $700 (g) Paid phone bill, $100. (h) Earned revenue on account, $4,000. (1) Purchased office supplies for cash, $300 (j) Paid wages to student, $500 (k) Purchased a one-year insurance policy, $900 (1) Received cash from services performed in transaction (h), $3,000. (m) Paid cash for advertising expense, $2,000. (n) Purchased additional plumbing equipment for $2,000, paying $500 cash and spreading the remaining payments over the next six months. (o) Eamed revenue from services for the remainder of the month of $2,800:$1,100 in cash and $1,700 on account (p) Withdrew cash at the end of the month, $3,000 Required: 1. Enfer the transactions in T accounts, identolying each transaction with do corresponding letter 2. Foot and balance the accounts where nocessary 3. Prepare a thal balance as of August 31,20