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Problem 3: Prepare t-accounts, and from the t-accounts, prepare a trial balance. Provide an income statement and balance sheet Rocco Borday operated a shoe repair

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Problem 3: Prepare t-accounts, and from the t-accounts, prepare a trial balance. Provide an income statement and balance sheet Rocco Borday operated a shoe repair shop known as Repair Center. The balances in his accounts as of June 1 of the current year were as follows: The transactions for the month of June appear below: 1. Paid salaries of $350 2. Paid $2,000 on account 3. Bought equipment on account for $3,100 4. Received cash for repair services provided: $3,600 5. Paid delivery expense, $140 6. Withdrew $250 for personal use 7. Charged customers $500 for repair service 8. Purchased supplies of $200 on account. Post the transactions to their appropriate t-accounts, prepare a trial balance, income statement and balance sheet

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