Prepare journal entries for each of the seven transactions posted to the following T-accounts. Provide a short description of each transaction. The first description is done as an example.
(a) The owner invested cash, an automobile, and equipment in the business.

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Cash (a) 7,000 3,600 (b) (e) 2,500 600 (c) 2,400 (f) 700 (g) Equipment (a) 5,600 (d) 9,400 Jerry Steiner, Capital 23,600 (a) Office Supplies (c) 600 (d) 200 Automobiles (a) 11,000 Delivery Services Revenue 2,500 (e) Prepaid Insurance (b) 3,600 Accounts Payable (f) 2,400 9,600 (d) Gas and Oil Expense (g) 700