Record the following transactions in the T accounts below.Indicate next to each entry the number for that transaction.After all transactions have been recorded,foot the accounts where necessary and enter the balances in the proper places.Prepare a trial balance for Douglas Distinctive Services as of December 31,20--.
1. Mr. Douglas invested cash in the business.
2. Purchased equipment worth with a down payment. The remainder is due in 30 days.
3. Paid cash for a six-month insurance policy.
4. Received cash from customers for services rendered.
5. Paid wages, .
6. Received and paid advertising bill of .
7. Performed services worth for credit customers.
8. Received cash from customers previously billed on account.
9. Mr. Douglas withdrew cash for personal use.
10. Paid utility bill, .
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