W. Weinstein, roofing contractor, began business on May 1 of the current year. The following transactions occurred during May:

1) Weinstein invested $25,000 of his personal funds in the business. 2) Purchased equipment on account, $2,400. 3) Paid the premium for a one-year liability insurance policy, $720. 4) Purchased supplies on account, $580. 5) Purchased a truck for $8,500; Weinstein paid $2,500 cash and gave a note payable for the balance. 6) Paid rent for May, $750. 7) Paid fuel bill for truck, $70. 8) Billed customers for services rendered, $9,200. 9) Paid $1,000 on account for equipment purchased in transaction (2). 10) Paid utilities expense for May, $120. 11) Received invoice for May advertising expense, to be paid in June, $150. 12) Paid employees' wages, $1,450. 13) Collected $5,300 on accounts receivable, 14) Withdrew $800 for personal expenses. 15) Counted supplies on hand at May 31; $320 worth remained, 16) Recorded the insurance expired at May 31, $60.

REQUIRED

(a) Record the above transactions in T accounts, and key entries with the numbers of the transactions. The following accounts will be needed to record the transactions for May:

Cash; Accounts Receivable; Supplies on Hand; Prepaid Insurance; Equipment, Truck; Notes Payable; Accounts Payable; Weinstein, Capital; Weinstein, Drawing; Service Fees; Rent Expense; Wages Expense; Utilities Expense; Truck Expense; Advertising Expense; Supplies Expense; and Insurance Expense.

(b) Prepare a trial balance of the general ledger as of May 31.