Part 3: Problem ( 60 points) Below is a list of transaction that occurred during the month of September, 2021: a. Peter Huff deposited $25,000 in a bank account in the name of the business- Huffs Lawn Service; b. Purchased lawn mowing equipment in the amount of $1,650 paying cash; c. Bought supplies on account for $750; d. Paid rent on an office in amount of $300; e. Performed lawn service to customers and received cash in the amount of $725; f. Performed lawn service to customers on account and sent a bill for $280; g. Bought a $12,000 truck for the business paying $2,000 in cash and the remainder will be paid later; h. Bought insurance on the truck for one-year policy in the amount of $900 paying cash; i. Received a bill for advertising from the Press Telegram in the amount of $85; j. Received $150 in cash from customers on account; k. Paid the salary of the helper in the amount of $300; l. Performed lawn services to customers and received cash in the amount of $460; m. Paid a vendor on account for supplies purchased in transaction c of $800; n. Perter Huff withdrew $1,000 for personal use; o. Perter Huff contributed personal lawn mowing equipment in the amount of $800; p. Bought gasoline for the truck and lawn equipment of $45 paying cash. Instructions:

Part 3: Problem (60 points) Below is a list of transaction that occurred during the month of September, 2021: a. Peter Huff deposited $25,000 in a bank account in the name of the business-Huff's Lawn Service; b. Purchased lawn mowing equipment in the amount of $1,650 paying cash; c. Bought supplies on account for $750; d. Paid rent on an office in amount of $300; e. Performed lawn service to customers and received cash in the amount of $725; f. Performed lawn service to customers on account and sent a bill for $280; g. Bought a $12,000 truck for the business paying $2,000 in cash and the remainder will be paid later; h. Bought insurance on the truck for one-year policy in the amount of $900 paying cash; i. Received a bill for advertising from the Press Telegram in the amount of $85; j. Received $150 in cash from customers on account; k. Paid the salary of the helper in the amount of $300; 1. Performed lawn services to customers and received cash in the amount of $460; m. Paid a vendor on account for supplies purchased in transaction c of $800; n. Perter Huff withdrew $1,000 for personal use; 0. Perter Huff contributed personal lawn mowing equipment in the amount of $800; p. Bought gasoline for the truck and lawn equipment of $45 paying cash. 2) Set up T accounts and post each transaction into the T accounts. Label each transaction with the corresponding letter in red. Foot and balance each T account. (8 pts) 3) Prepare a trial balance in good form. (10 pts) 4) Prepare an Income statement for the month ended September 30, 2021. (8 pts) 5) Prepare a statement of owner's Equity for the month ended September 30, 2021. (8 pts) 6) Prepare a Balance Sheet as of September 30, 2021. (10 pts)