b$.$ Paid $$5,100$ for the current month's rent.

c$.$ Bought office furniture for $$15,820$ in cash.

d$.$ Performed services for $$7,300$ in cash.

e$.$ Paid $$1,160$ for the monthly telephone bill.

f$.$ Performed services for $$13,100$ on credit.

g$.$ Purchased a computer and copier for $$36,200$; paid $$12,100$ in cash immediately with the balance due in $30$ days.

h$.$ Received $$6,550$ from credit clients.

i$.$ Paid $$3,100$ in cash for office cleaning services for the month.

j$.$ Purchased additional office chairs for $$4,900$; received credit terms of $30$ days.

k$.$ Purchased office equipment for $$31,000$ and paid half of this amount in cash immediately; the balance is due in $30$ days.

I. Issued a check for $$8,500$ to pay salaries.

m$.$ Performed services for $$13,600$ in cash.

n$.$ Performed services for $$15,100$ on credit.

o$.$ Collected $$7,100$ on accounts receivable from charge customers.

p$.$ Issued a check for $$2,450$ in partial payment of the amount owed for office chairs.

q$.$ Paid $$610$ to a duplicating company for photocopy work performed during the month.

r$.$ Paid $$1,130$ for the monthly electric bill.

s$.$ Guttery withdrew $$8,100$ 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?

Complete this question by entering your answers in the tabs below.

Analyze