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The following T-accounts record the transactions occurred during the first accounting period for Jakes Judo Studio. Cash at bank 26,500 (c) 2,000(e) Accounts receivable 1,000

The following T-accounts record the transactions occurred during the first accounting period for Jakes Judo Studio.
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Cash at bank 26,500 (c) 2,000(e) Accounts receivable 1,000 (a) (b) (b) 1,500 1,300 Office supplies 1,000 (6) 500 Vehicles 45,000 350 (a) (d) (a) Accumulated depreciation - Vehicles (9) 375 Accounts payable (d) 500 Drawings 1,300 Capital (a) (e) 72,500 Service revenue (b) Rent expense 1,500 3,000 (c) Office supplies expense 350 Depreciation expense - Vehicles 375 (f) (9) 7 i B I Ff III a) Provide a description for transaction (a). Include the amounts of the transaction in your description. (2 marks) b) Provide a description for transaction (b) indicating the amount (s) of the transaction in your description (2 marks) c) List all adjusting entries and provide a description for each adjusting entry: (2 marks) d) Calculate the following balance. For each balance, indicate if it is a debit balance or credit balance. (4 marks) Items Balances Debit or Credit Total Current Assets Total Assets d) Calculate the following balance. For each balance, indicate if it is a debit balance or credit balance. (4 marks) Items Balances Debit or Credit Total Current Assets Total Assets Total Liabilities The ending balance of Capital

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