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Show the accounting for all transactions in T accounts and prepare an unadjusted trial balance for December. Dec 1 Bought a car for the taxi

Show the accounting for all transactions in T accounts and prepare an unadjusted trial balance for December.

Dec 1 Bought a car for the taxi service. Car cost $20,000 with $4000 down and the remainder becoming a note payable.

Dec 3 Ordered supplies costing $700. Delivery will take place in nine days.

Dec 7 Made cash sales for rides of $3000 in the first week of the month.

Dec 12 Supplies were delivered. The cost will go on account.

Dec 14 Paid cash for holiday advertising. The bill was $400.

Dec 15 Made credit sales for the first half of the month of $5000.

Dec 17 Paid the drivers, who are not employees, $3200 in cash for driver fess

Dec 19 Received $2000 from the credit card company for the credit sales recorded on Dec 15.

Dec 22 Received the bill for oil and gas. The bill is for $800 and will go on account.

Dec 23 Paid half of the account for the supplies that were delivered on Dec 12.

Dec 25 Paid the employees for December. It was a cash payout of $4000.

Dec 28 Made cash sales for the rest of the month of $7000

Dec 30 Declared and paid a dividend of $1000.

Beginning of the month trial balance

Cash

11000

A/R

6000

Supplies

350

A/P

4000

Common Stock

3000

Additional Paid in Capital

6000

Retained Earnings

4350

Totals

17350

17350

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