Date Description Debit Credit

January 1 Cash 160,000

Regine capital 160,000

To record money invested to start a business

5 Equipment 70,000

Cash 70,000

To record cash paid for auto equipment

18 Equipment 60,000

Accounts payable 60,000

To record auto equipment purchased on account

24 Cash 9,000

Fees earned 9,000

To record fees earned

28 Accounts receivable 9,000

Fees earned 9,000

To record fees earned on account

31 Pegine drawings 3,000

Cash 3,000
January 1 Cash 160,000

To record regine's drawings

Regine's auto shop

Trial balance

January 31, 201x

Accounts Debit Credit

 Cash 96,000
 Equipment
130,000
 Accounts Receivable
 Accounts payable 9,000
 Capital
60,000
 Fees earned
 Regine drawings 160,000

18,000

3,000

Total 238,000 238,000