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Record the following transactions for Stokes Driving School in these accounts: Cash; Accounts Receivable/L. Starr;...

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Accounting

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Record the following transactions for Stokes Driving School in these accounts: Cash; Accounts Receivable/L. Starr; Equipment; Automobile Reven Automobile Expense; Utilities Expense. s; Accounts Payable/Grant's Esso; R. Stokes, Capital; ue from Lessons; Salaries Expense; Advertising Expense; me Statement R. Stokes invested $35 000 cash. 2 Purchased equipment for $2000 cash. 4 Purchased two cars from Dardick Motors for $30 000 cash. 5 Received $700 cash from customers driving lessons. 7 Paid $700 cash for instructor's salary for the first week. 9 Paid $45 cash to the telephone company 10 Received $800 cash from customers taking driving lessons. Aug. 1 Issued a bill of $100 to L. Starr, who is taking lssons but will pay at a later date. 11 Received a bill for $75 from Grant's Esso for gas and oil used by the cars. 12 Paid $95 cash for hydro and electricity 13 Sent a $290 cheque to the Daily Star for advertising space. 14 Received $100 cash from L. Starr in payment of a bill sent previously (a) Balance the accounts and prepa (b) Prepare an income t re a trint

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