P$3.$ Jennifer Lopez opened a school for administrative skills calleal and completed the following transactions:

a$.$ Contributed the following assets to the business:

$\backslash$table$[[$Cash$,55,700],[$Computers$,4,300],[$Office Equipment,$3,600]]$

b$.$ Found a location for her business and paid the first month's rent, $$260.$

c$.$ Paid for an advertisement amouncing the opening of the school, $$190.$

d$.$ Received applications from three students for a four$-$week secretarial program and two students for a ten$-$day keyboarding course. The students will be billed a total of $$1,300.$

c$.$ Purchased supplies on credit, $$330.$

f$.$ Billed the enrolled students, $$1,740.$

g$.$ Purchased a second$-$hand computer, $$480,$ and office equipment, $$380,$ on ciedit.

h$.$ Paid for the supplies purchased on credit in e$,$ $$330.$

i$.$ Paid eash to repair a broken computer, $$40.$

Received partial payment from students previously billd, $$1,080.$

k$.$ Paid the urility bill for the current month, $590.$

Paid an assistant one week's salay, $$440.$

m $.$ Made a cash withdrawal of $$300.$

REQURED

Set up the following T accounts: Cash; Accounts Receivable; Supplies; Computers; Office Equipment; Accounts Payable; J$.$ Lopez, Capial, J$.$ Lopez, Withdrawals, Tuition Revenue; Salaries Expense; Utilities Expense; Rent Expense; Repair Expense, and Advertising Expense.

Record the transactions directly in the T accounts, using the transaction tetter to identify each delit and credit.

Prepare a wial balance using today's date.

bUSINESS APPLICATION Ii$-$ Examine transtions $f$ and $).$ What were the retenties, and how much cash was received from the rerenues? What busingts issues might volu see arising from the differences in these numbers?