2B-5. The chart of accounts of Pete's Delivery Service includes the following: Cash. Compreh 111; Accounts Receivable, 112, Office Equipment, 121; Delivery Trucks, 122, Accounts Payable, 211; Pete Jean, Capital, 311; Pete Jean, Withdrawals. 312; Delivery Fees Earned, 411; Advertising Expense, 511: Gas Expense, 512: Salaries Expense, 513: and Telephone Expense, 514. The following transactions resulted for Pete's Delivery Service during the month of March: A. Pete invested $40,000 in the business from his personal savings account. B. Bought delivery trucks on account, $25,000. C. Advertising bill received but unpaid, $800. D. Bought office equipment for cash, $2,500. E. Received cash for delivery services rendered, $13,000. F. Paid salaries expense, $1,850. G. Paid gas expense for company trucks, $750, 1. Billed customers for delivery services rendered, $5,500. 1. Paid telephone bill, $400. J. Received $1,600 as partial payment of transaction H. X. Pete paid home telephone bill from company checkbook, $88. As Pete's newly employed accountant, your task is to 1. Set up T accounts in a ledger. 2. Record transactions in the T accounts. (Place the letter of the transaction next to the entry) 3. Foot the T accounts where appropriate. 4. Prepare a trial balance at the end of March. 5. Prepare from the trial balance, in proper form, (a) an income statement for the month of March, (b) a statement of owner's equity, and (c) a balance sheet as of March 31, 19XX