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The chart of accounts of Annis Delivery Service is as follows: Cash, 111; Accounts Receivable, 112; Office Equipment, 121; Delivery Trucks, 122; Accounts Payable, 211;

The chart of accounts of Annis Delivery Service is as follows: Cash, 111; Accounts Receivable, 112; Office Equipment, 121; Delivery Trucks, 122; Accounts Payable, 211; Avery Annis, Capital, 311; Avery Annis, Withdrawals, 312; Delivery Fees Earned, 411; Advertising Expense, 511; Gas Expense, 512; Salaries Expense, 513; and Telephone Expense, 514. Annis Delivery Service completed the following transactions during the month of August: Transaction A: Avery invested $17,000 in the delivery service from her personal savings account. Transaction B: Bought delivery trucks on account, $11,000. Transaction C: Bought office equipment for cash, $600. Transaction D: Paid advertising expense, $350. Transaction E: Collected cash for delivery services rendered, $3,500. Transaction F: Paid drivers salaries, $900. Transaction G: Paid gas expense for trucks, $1,700. Transaction H: Performed delivery services for a customer on account, $1,600. Transaction I: Telephone expense due but unpaid, $600. Transaction J: Received $400 as partial payment of transaction H. Transaction K: Avery withdrew cash for personal use, $250. As Averys newly hired accountant, you must perform the following: a. 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.) b. Foot the T accounts where appropriate. c. Prepare a trial balance at the end of August. d. Prepare from the trial balance, in proper form, (a) an income statement for the month of August, (b) a statement of owners equity, and (c) a balance sheet as of August 31, 201X.

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OOO LO2, 3, 4 (60 MIN) Check Figure: Trial Balance Total $33.700 28-5. The chart of accounts of Annis's Delivery Service is as follows: Cash, 111: Accounts Receivable, 112; Office Equipment, 121; Delivery Trucks, 122 Accounts Payable, 211; Avery Annis, Capital, 311; Avery Annis, Withdrawal 312; Delivery Fees Earned, 411; Advertising Expense, 511; Gas Expense, 512 Salaries Expense, 513; and Telephone Expense, 514. Annis's Delivery Service completed the following transactions during the month of August: Transaction A: Avery invested $17,000 in the delivery service from her personal savings account. Transaction B: Bought delivery trucks on account, $11,000. Transaction C: Bought office equipment for cash, S600. Transaction D: Paid advertising expense, $350. Transaction E: Collected cash for delivery services rendered, $3,500. Transaction F: Paid drivers' salaries, $900. Transaction G: Paid gas expense for trucks, $1,700. Transaction H: Performed delivery services for a customer on account. $1,600. Transaction 1: Telephone expense due but unpaid, $600. Transaction J: Received $400 as partial payment of transaction H. Transaction K: Avery withdrew cash for personal use. $250. As Avery's newly hired accountant, you must perform the following: 1. The T accounts in the ledger have been set up for you. Record transae tions in the T accounts. (Place the letter of the transaction next to the entry.) 2. Foot the T accounts where appropriate. 3. Prepare a trial balance at the end of August. 4. Prepare from the trial balance, in proper form, (a) an income statement for the month of August, (b) a statement of owner's equity, and (c) a bal- ance sheet as of August 31, 201X

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