Problem 2-14 Paul Olivia opened a pizza business under the name Olivia's Pizza Parlor, and during the first week completed the following transactions: a. Invested cash of $2,000 and the following assets at their fair market values: furniture, $2,000; equipment, $3,000; and building, $8,000. b. Purchased food and Beverage on account, costing $500 and $100 respectively, from Edgar's food supply. C. Purchased a computer with cash for $200. d. Paid for advertising, $30. e. Paid utility bills, $50. f. Paid wages for the week, $250. g. Paid for cooking supplies used during the week, $10 h. Paid $100 on account to Edgar's Food Supplies i. Received $900 from customers for pizza and beverages sold. Pizza sales amounted to $750, the remainder was beverage sales. REQUIRED: 1. Set up the following T-accounts: Cash, furniture, equipment, building, accounts payable (Edgar's Food Supply), capital, food sales, beverage sales, advertising expense, utilities expense, wages expense, cooking supplies expense, food expense, beverage expense. 2. Record the transactions in the accounts with each amount identified by the transaction letter. 3. Prepare a trial balance.