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a. Nguyen invested $145,000 In cash to start the business. b. Paid $4,500 for the current month's rent c. Bought furniture for $15,220 In cash.
a. Nguyen invested $145,000 In cash to start the business. b. Paid $4,500 for the current month's rent c. Bought furniture for $15,220 In cash. d. Performed services for $8,700 in cash. e. Paid $1,100 for the monthly telephone bill. f. Performed services for $14,500 on credit g. Purchased equipment, a computer and copler, for $35,000; paid $11,500 in cash Immediately with the balance due in 30 days. h. Received $7,250 from credit clients. 1. Pald $2,500 in cash for office cleaning services for the month (debit miscellaneous expense). J. Purchased furniture, office chairs, for $4,300; received credit terms of 30 days. k. Purchased equipment for $25,000 and paid half of this amount in cash Immediately, the balance is due in 30 days. I. Issued a check for $7,900 to pay salaries. m. Performed services for $15,000 in cash. n. Performed services for $16,500 on credit. o. Collected $6,500 on accounts receivable from charge customers. p. Issued a check for $2,150 In partial payment of the amount owed for office chairs. q. Paid $550 to a duplicating company for photocopy work performed during the month (debit miscellaneous expense). r. Paid $1,070 for the monthly electric bill. s. Nguyen withdrew $7,500 in cash for personal expenses. Post the above transactions Into the appropriate T accounts. Analyze: What liabilities does the business have after all transactions have been recorded? (a) Complete this question by entering your answers in the tabs below. Transactions Analyze Post the above transactions into the appropriate T accounts. Debit Cash 145,000 + Credit Balance Debit Accounts Receivable Credit
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