Abe Shultz, owner of Kits & Pups Grooming, uses the following accounts to record transactions for the month.

For each transaction:

1. Prepare a T account for each account listed.

2. Enter a balance of $15,000 in the Cash in Bank account; also enter a balance of $15,000 in the Abe Shultz, Capital account.

3. Analyze and record each of the following business transactions, using the appropriate T accounts. Identify each transaction by number.

4. After all the business transactions have been recorded, write the word Balance on the normal balance side of each account.

5. Compute and record the balance for each account.

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General Ledger 101 Cash in Bank 105 Accounts Receivable- Juan Alvarez 140 Grooming Equipment 205 Accounts Payable- Dogs & Cats Inc. 301 Abe Shultz, Capital 305 Abe Shultz, Withdrawals 401 Boarding Revenue 405 Grooming Revenue 501 Advertising Expense 505 Equipment Repair Expense 510 Maintenance Expense 520 Rent Expense 530 Utilities Expense