Tristar Service Centre repairs automobiles on a cash or credit basis. Accounts in the general ledger for September include: Cash $; Accounts Receivable $; Tools $; Equipment $; Accounts Payable $; P Gibson, Capital $; P Gibson, Drawings; Repair Service Revenue; Advertising Expense; Rent Expense; Telephone Expense.
Transactions that occured during October are given below.
a Set up a Taccount ledger, then record the opening balances and the following transactions for October
Oct. Paid the monthly rent of $ to Deneer. Co
Repaired Jim Jones' car and billed him $
Purchased a new set of tools for $ on credit from Tool Supply.
Received a bill for $ from the Gazette for advertising.
Paid Auto Supply $ for amounts owing to them.
Paid the telephone bill received today, $
The owner, P Gibson, withdrew $ for his own use.
Receved $ cash from a customer for a tuneup and oil change done today.
Received $ cash on account from a customer who was sent a bill last month.
b Prepare a trial balance for October
