The chart of accounts for Angel€™s Delivery Service of Flin Flon is as follows:

Angel€™s Delivery Service completed the following transactions during the month of March 2013:
A. Alice Angel invested $16,000 in the delivery service from her personal savings account.
B. Bought delivery trucks on account, $18,000.
C. Bought office equipment for cash, $600.
D. Paid advertising expense, $250.
E. Collected cash for delivery services rendered, $2,600.
F. Paid drivers€™ salaries, $900.
G. Paid gas expense for trucks, $1,200.
H. Performed delivery services for a customer on account, $800.
I. Telephone expense was due but not yet paid, $700.
J. Received $300 as partial payment of transaction H.
K. Alice Angel withdrew cash for personal use, $300.
As Alice€™s newly employed accountant, you must:
1. Setup T accounts in a ledger.
2. Record transactions in the T accounts. (Place the letter of the transaction next to the entry.)
3. Foot the T accounts where appropriate.
4. Prepare a trial balance at the end of March 2013.
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 for the month of March.
c. A balance sheet as of March 31, 2013.

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Assets Cash 111 Accounts Receivable 112 Office Equipment 121 Delivery Trucks 122 Revenue Delivery Fees Earned 411 Expenses Advertising Expense 511 Gas Expense 512 Salaries Expense 513 Telephone Expense 514 Liabilities Accounts Payable 211 Owner's Equity Alice Angel, Capital 311 Alice Angel, Withdrawals 312