nter the transactions in T accounts, identifying each transaction with its corresponding letter. Foot and balance the accounts where necessary. Enter the transactions in the given order.

3. Prepare a trial balance as of May 31, 20--. List the accounts in the order of Assets, Liabilities, Owner's equity, Revenue, and Expenses. If an amount box does not require an entry, leave it blank.

Wilhelm Kohl started a business in May 20-- called Kohl's Home Repair. Kohl hired a part-time college student as an assistant. Kohl has decided to use the following accounts for recording transactions:

Assets	Owners Equity
Cash	Wilhelm Kohl, Capital
Accounts Receivable	Wilhelm Kohl, Drawing
Office Supplies	Revenue
Prepaid Insurance	Service Fees
Equipment	Expenses
Van	Rent Expense
Liabilities	Wages Expense
Accounts Payable	Phone Expense
	Gas and Oil Expense

The following transactions occurred during May:

(a)		Invested cash in the business, $25,000.
(b)		Purchased a used van for cash, $6,000.
(c)		Purchased equipment on account, $4,000.
(d)		Received cash for services rendered, $7,500.
(e)		Paid cash on account owed from transaction (c), $2,300.
(f)		Paid rent for the month, $850.
(g)		Paid phone bill, $230.
(h)		Earned revenue on account, $4,500.
(i)		Purchased office supplies for cash, $160.
(j)		Paid wages to an assistant, $800.
(k)		Purchased a one-year insurance policy, $1,100.
(l)		Received cash from services performed in transaction (h), $3,400.
(m)		Paid cash for gas and oil expense on the van, $155.
(n)		Purchased additional equipment for $4,200, paying $1,500 cash and spreading the remaining payments over the next 10 months.
(o)		Earned service fees for the remainder of the month of $3,500: $1,900 in cash and $1,600 on account.
(p)		Withdrew cash at the end of the month, $2,900.