the chart of accounts of pete's delivery services includes the following: cash 111 accounts receivable 112 office equipment 121 delivery trucks 122 accounts payable 211 pete jean capital 311 pete jean withdrawals 312 delivery fees earned 411 advertising expense 511 gas expense 512 salaries expense 513 telephone expense 514 the following tranactions resulted for pete's delivery service during the month of march?

a. pete invested $40,000 in the business for his personal savings account

b. bought delivery trucks on account $25,000

c. advertising bill received but unpaid $800

d. bought office eqipment for cash $2,500

e. received cash for delivery services rendered $13,000

f. paid salaries expense $1,850

g. paid gas expense for company trucks $750

h. billed customers for delivery services rendered $5,500

i. paid telephone bill $400

j. received $1,600 as partial payment of transaction h

k. pete paid home telephone bill from company checkbook $88

As pete's newly employed account your task is to

1. set up T accounts in a ledger

2. record transactions in the T accounts (place the letter of the transaction next tot the entry)

3. foot the T accounts where appropriate

4. Prepare a trial balance at the end of March

5. Prepare from the trial balance, in proper form (a) an income statement for the month of March (b) a statement of owner's equity and (c) a balance sheet as of March 31