Smith John a Canadian Citizen recently started delivery services near GTA region. The following transactions resulted for Niel Delivery Services for the Month of December,$2023.$

Dec $1$: Niel invested $$10,000$ in the business from his personal savings account.

Dec $2$: Bought delivery trucks on account, $$17,000.$

Dec $3$: Advertising bill received but unpaid, $$700.$

Dec $4$: Bought office equipment for cash, $$1,200.$

Dec $5$: Received cash for delivery services rendered, $$15,000.$

Dec$10$: Paid salaries expense, $$3,000.$

Dec $15$: Paid gas expense for company trucks, $$1,250.$

Dec $20$: Billed customers for delivery services rendered, $$4,000.$

Dec $30$: Paid telephone bill, $$300.$

Dec $30$: Received $$3,000$ as partial payment of goods sold on Aug $20.$

Dec $31$: Neil paid home telephone bill from company check book, $$150.$

Requirements

As Smith John, newly employed accountant, you must do the following:

$1.$ Record the above transaction in Journal.

$2.$ Set up T accounts in a ledger. Record transactions in the T accounts.

$3.$ Foot and take the balance of each account where appropriate.

$4.$ Prepare a trial balance at the end of August.

$5.$ Prepare from the trial balance, in proper form, $($a$)$ an income statement

for the month of December $($b$)$ a statement of owner$$s equity and $($c$)$ a balance

sheet as of December,$2023.$