The following invoices are being entered into the accounting system. Using the chart of accounts in Fig 2-1 (your textbook, Construction Accounting & Financial Management 3rd Edition), determine the changes to the balance sheet, income statement, and job cost ledger as the result of entering each of the following invoices.

1.) A $12,350 invoice from a subcontractor for plumbing charged to job cost code 309.02.15100. 10% retention is withheld from the invoice.

2.) A $562 invoice for nails. The nails will be placed in inventory until they are needed on the jobs, at which time they will be billed to the jobs.

Please answer in the form of T Accounts labeled as Balance Sheet, Income Statement and Job Cost Ledger. Thank you SOOOOO much!