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Use T accounts to record each of the following transactions for Stan Ortega's Auto Repair a Owner invests $9,000 in his business. b. Owner receives
Use T accounts to record each of the following transactions for Stan Ortega's Auto Repair a Owner invests $9,000 in his business. b. Owner receives cash from customers for services performed today, $2,000 c. Owner purchases additional repair equipment for cash, $2,000. d. Owner pays rent for current month, $700. e. Owner pays utilities bill for current month, $300. f Owner withdraws cash for personal use, S650. g. Owner purchases repair supplies on account, $750. examination 1(b) Prepare a trial balance for Snow's Shoe Repair Shop at December 31, 20X3, based on the fo account balances. All accounts have normal balances. Accounts Payable 500 Bill Snow, Capital ????? Cash 800 Bill Snow, Drawing 300 Equipment 2.500 Rent Expense 500 Shoe Repair Revenue 1.900 Supplies 300 Utilities Expense 450
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