The accounts required for this exercise are shown in the chart of accounts below.

$\backslash$table$[[$Royal City Engineering $-$ Chart of Accounts,,$],[101,$Bank,,$301,$Pat Scholling, Capilal$],[111,$AR$-$L$.$ Pero,,$302,$Pat Schelling, Drawings$],[113,$AR$-$K$.$ Puna,,$401,$Service Revenue$],[115,$AR$-$Spectrum Co$.,505,$Aulomobile Expense,$],[117,$AR$-$W$.$ J$.$ Thompson,$510,$Bank Charges Expense,$],[120,$Supplies,,$515,$General Expense$],[125,$Equipment,,$520,$Rent Expense$],[130,$Automobiles,,$525,$Telephone Expense$],[201,$Bank Loan,,$535,$Wages Expense$],[211,$AP$-$Impenal Garage,,,$],[213,$AR$-$Home Hardware,,,$],[220,$GST Payable,,,$],[225,$GST Recoverable,,,$],[,,,,]]$

Pat Schelling began a business called Royal City Engineering. His beginning financial position is shown on the following balance sheet:

$\backslash$table$[[\backslash$table$[[$ROYAL CITY ENGINEERING$],[$BALANCE SHEET$],[$August $31,20-]]],[$Assets$,,$Liabilities,$],[$Bank$,$$$2,000,$Bank Loan,$$20,000$