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The chart of accounts for Tom Allec's Delivery Service is as follows: E: (Click the icon to view the chart of accounts.) Allec's Delivery Service
The chart of accounts for Tom Allec's Delivery Service is as follows: E: (Click the icon to view the chart of accounts.) Allec's Delivery Service completed the following transactions during the month of December! Click the icon to view the transactions.) Read the requirements Requirements 1 and 2. The T accounts in the ledger have been set up for you. Record transactions in the T accounts. (Place the letter of the transaction next to the entry.) Foot each T account, and then calculate the accounts ending balances at December 31. (Use the first line below each T account to foot each side of the T accounts which has a value. Use the second line below the T account to enter the account's ending balance. Sample T accounts have been provided to show the correct display of the footing and balance lines. If a box is not used in the table, leave the box empty, do not select a label or enter a zero.) Cash 111 Accounts Receivable 112 Office Equipment 121 H J Transactions E D J F A. G Bal Bal Bal Bal B. K C. D. E. Bal Bal Tom Allec invested $34,000 in the delivery service from his personal savings account. Bought delivery trucks on account, $10,000 Bought office equipment for cash, $700. Paid advertising expense, $300. Collected cash for delivery services rendered, $3,000 Paid drivers' salaries, $1,200. Paid gas expense for trucks, $1,000. Performed delivery services for a customer on account, $1,100 Telephone expense due but unpaid, $150. Received $500 as partial payment of transaction H. Tom withdrew cash for personal use. $350. F. G. H. Delivery Trucks 122 Accounts Payable 211 Tom Allec, Capital 311 1. J. K. ICICN LIE ILULILU VIEW the chart. Allec's Delivery Service completed the following transactions during the month of December: i (Click the icon to view the transactions.) Read the requirements. Delivery Trucks 122 Accounts Payable 211 Tom Allec, Capital 311 B B Bal Bal Bal Bal Bal Bal Tom Allec, Withdr. 312 Delivery Fees Earned 411 Advertising Expense 511 ITI Bal Bal Bal Bal Bal Bal Gas Expense 512 Salaries Expense 513 Telephone Expense 514
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