1. T. Barkley, an accountant, is in business with the following assets and liabilities: Assets Bank $1 500 300 Liabilities A/P-Familiar Finance A/P Proctor's Ltd. A/ PA. Rose & Son $1 621 250 250 100 78 AR-R. Burke A/R-E. Chapple A/ RO. Patterson Supplies Equipment Automobile 200 3 956 7 000 a) Set up the financial position of T. Barkley in T-accounts. (6 marks) b) Use T-accounts to record the accounting entries for the transactions listed below: (9 marks) 1. Received $78 cash from 0. Patterson in payment of her debt to the business. 2. Paid $100 cash to A. Rose & Son. 3. The owner withdrew $300 cash from the business for his personal use. 4. An accounting service was performed for R. Burke at a price of $500. Mr. Burke agreed to pay for the service at a later date. 5. The office air conditioner, included in the Equipment figure, broke down and had to be repaired at a cost of $50. Cash was paid for the repair. 6. An accounting service was performed for E. Chapple for $200 cash. 7. Bought supplies valued at $45. Paid cash. 8. An accounting service was performed for L. Bell for $1 200. L. Bell promised to pay within 30 days. 9. T. Barkley bought a computer from Computerland for $2 450. He gave a $900 deposit and is to pay the balance at the end of the month. c) Calculate and record the balances in the accounts. (6 marks) ASSETS Bank ASR-1 Bell AXRR Burke 1 I AXR-E Chapple AXR-O Patterson Supples Equipment Automobile LIABILITIES AND EQUITY ASPComputer hund A/P/Familiar Fnance AP_Proctor's Ltd A/P-Rose & Son T. Barkley, Captal 1 d) Create a trial balance dated November 30, 2012, to justify the ledger is in balance. (15 marks) Accounts Debits Credits