Richard Gibbs began a business called Richard's Shoe Repair. 1. Create T accounts for Cash; Supplies; Richard
Question:
Richard Gibbs began a business called Richard's Shoe Repair.
1. Create T accounts for Cash; Supplies; Richard Gibbs, Capital; and Utilities Expense. Identify the following transactions by letter and place them on the proper side of the T accounts:
(a) Invested cash in the business, $6,500.
(b) Purchased supplies for cash, $700.
(c) Paid utility bill, $2,700.
2. Foot the T account for cash and enter the ending balance.
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I completed my MSc in MVR PG college affiliated to Andhra University in 2007. After that, I worked as a full-time Chemistry lecturer for MSc and BSc students from 2007 July to 2012 Jan. Meanwhile worked as a tutor for IIT foundation, IIT, AIEEEE and EAMCET as a part-time job. I got qualified in CSIR-UGC NET exam by that joined in JNTUH as a research scholar under Dr. K. Mukkanti. I continued and finished my research work, a collaboration of IICT with Dr. B V Subba Reddy supervision in 2019.
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