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( (4 b) ) ADLER'S DELIVERY SERVICE STATEMENT OF OWNER'S EQUITY FOR MONTH ENDED JULY 31. 201X Adier's Delivery Service completed the following transactions during

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\\( (4 b) \\) ADLER'S DELIVERY SERVICE STATEMENT OF OWNER'S EQUITY FOR MONTH ENDED JULY 31. 201X Adier's Delivery Service completed the following transactions during the month of July: A. Andrea Adler invested \\( \\$ 30,000 \\) in the delivery service from her personal savings account. B. Bought delivery trucks on account, \\( \\$ 14,000 \\). C. Bought office equipment for cash, \\( \\$ 1,500 \\). D. Paid advertising expense, \\( \\$ 500 \\). E. Collected cash for delivery services rendered, \\( \\$ 2,400 \\). F. Paid drivers' salaries, \\( \\$ 900 \\). G. Paid gas expense for trucks, \\( \\$ 1,100 \\). H. Performed delivery services for a customer on account, \\( \\$ 900 \\). 1. Telephone expense due but unpaid, \\( \\$ 100 \\). J. Received \\( \\$ 600 \\) as partial payment of transaction \\( \\mathrm{H} \\). \\( \\mathrm{K} \\). Andrea withdrew cash for personal use, \\$250. As Andrea's newly hired accountant, you must perform the following: 1. Set up \\( T \\) accounts using the chart of accounts. Record transactions in the \\( T \\) accounts. (Place the letter of the transaction next to the entry) 2. Foot the \\( T \\) accounts where appropriate and determine the ending balances. 3. Prepare a trial balance at the end of July. 4. Prepare from the trial balance, in proper form, (a) an income statement for the month of July, (b) a statement of owner's equity, and (c) a balance sheet as of July \\( 31,201 \\mathrm{X} \\)

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