27,615 Problem 2-1B Objective: To record business transactions in T accounts and prepare a trial balance On August 1, 20X1, Melody Tawzer started a food catering service called Al La Foods She completed the following transactions during the month: (a) Melody transferred $15,500 from her personal savings account to a bank account for the business. (b) Invested a small truck, which she had owned personally, in the business. The value of the truck was $7,800. (c) Paid rent on a small office, $475. (d) Purchased office supplies for cash, $550. (e) Purchased equipment on account, $3,700. (1) Received cash for services performed, $190. (g) Performed services on credit, $330. (h) Purchased truck supplies on account, $180. Com (i) Paid salary of employee, $575. (1) Paid for repairs to truck, $220. (k) Received $250 for the services performed in Transaction (g). (1) Paid utilities, $330. (m) Paid creditor $85 on the purchase in Transaction (h). (n) Melody withdrew cash for personal use, $650. () Paid salary of employee, $600. Directions: (1) Draw a set of T accounts with the following titles: Cash; Accounts Receivable; Office Supplies; Truck Supplies; Equipment; Truck; Accounts Payable; Melody Tawzer, Capital; Melody Tawzer, Drawing; Catering Fees; Rent Expense; Salaries Expense; Truck Expense; and Utilities Expense. (2) Record each of the transactions in the T accounts. (3) Foot and calculate the balance of each account and then prepare a trial balance as of August 31, 20X1