Sue Jantz started a business in August 20-- called Jantz Plumbing Service. Jantz hired a part-time college student as an administrative assistant. Jantz has decided to use the following accounts:

Assets Owner’s Equity

Cash Sue Jantz, Capital

Accounts ReceivableSue Jantz, Drawing

Office Supplies Revenue

Prepaid Insurance Service Fees

Plumbing EquipmentExpenses

Van Rent Expense

Liabilities Wages Expense

Accounts PayableTelephone Expense

Advertising Expense

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 telephone bill, $100.

(h) Earned revenue on account, $4,000.

(i) Purchased office supplies for cash, $300.

(j) Paid wages to student, $500.

(k) Purchased a one-year insurance policy, $800.

(l) 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) 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--.