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Problem in CengageNOW, if someone could help I would really apperciate it Problem 3-13A (Algorithmic) T Accounts and Trial Balance Wilhelm Kohl started a business

Problem in CengageNOW, if someone could help I would really apperciate it

image text in transcribed Problem 3-13A (Algorithmic) T Accounts and Trial Balance 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: The following transactions occurred during May: (a) Invested cash in the business, $25,150. (b) Purchased a used van for cash, $5,996. (c) Purchased equipment on account, $3,980. (d) Received cash for services rendered, $7,667. (e) Paid cash on account owed from transaction (c), $2,264. (f) Paid rent for the month, $885. (g) Paid telephone bill, $230. (h) Earned revenue on account, $4,506. (i) Purchased office supplies for cash, $201. (j) Paid wages to an assistant, $771. (k) Purchased a one-year insurance policy, $1,183. (l) Received cash from services performed in transaction (h), $3,300. (m) Paid cash for gas and oil expense on the van, $103. (n) Purchased additional equipment for $4,354, paying $1,656 cash and spreading the remaining payments over the next 10 months. (o) Earned service fees for the remainder of the month of $3,358: $1,837 in cash and $1,521 on account. (p) Withdrew cash at the end of the month, $3,056. Required: Hint(s) 1. Enter the transactions in T accounts, identifying each transaction with its corresponding letter. 2. Foot and balance the accounts where necessary. Assets Liabilities = Dr. Dr. + Cr. Cash Select Select Select Select Accounts Payable Select Select Select Cr. + + Bal. Select Select Select Select Select Select Select Select Select Select Bal. Accounts Receivable Select Select Select Bal. Office Supplies Select Prepaid Insurance Select Equipment Select Select Bal. Van Select Hint(s) Hide 3. Prepare a trial balance as of May 31, 20--. If an amount box does not require an entry, leave it blank. Kohl's Home Repair Trial Balance May 31, 20-Account Debit Balance Credit Balance

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