classroom Demonstration Exercises. Exercises and Problems 3 ! RS P2-6B. The chart of accounts of Angel's Delivery Service of Flin Flon includes the following: Cash, 111; Accounts Receivable, 112; Office Equipment, 121; Delivery Trucks, 122: Accounts Payable, 211; Alice Angel, Capital, 311, Alice Angel, Withdrawals, 312; Delivery Fees Earned, 411; Advertising Expense, 511; Gas Expense, 512; Salaries Expense, 513; and Telephone Expense, 514. The following transactions resulted from Angel's Delivery Service during the month of March 2022: A. Alice invested $40,000 in the business from her personal savings account. B. Bought delivery trucks on account, $25,000. C. Advertising bill was received but not yet paid, $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. H. Billed customers for delivery services rendered, $5,500. 1. Paid telephone bill, $400. J. Received $1,600 as partial payment of Transaction H. K. Alice paid her home telephone bill with a company cheque, $88. Hint: you must put this entry into her withdrawal account As Alice's newly employed accountant, you must: 1. Set up T accounts in a ledger. 2. Record transactions in the Taccounts. (Place the letter of the transaction next to T ING 27C Sunny E3-2B. Record the following in the general journal of Reggie's Auto Repair Shop: 2022 Jan. 4 7 8 Reggie Long invested $21,000 cash in the auto repair shop. Paid $9,000 for auto repair equipment. Bought auto repair equipment for $5,000 on account from Lowell Co. Received $1,200 for repair fees earned. Billed Sullivan Co. $980 for services rendered. Reggie withdrew $500 for personal use. 15 18 22