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Brian Pranz opened a consulting company, and the following transactions resulted: (Click the icon to view the transactions.) (Click the icon to view the
Brian Pranz opened a consulting company, and the following transactions resulted: (Click the icon to view the transactions.) (Click the icon to view the Chart of Accounts.) As Brian's accountant, analyze and record the transactions in T account form. Label each entry with the letter of the transaction. Cash 111 Office Equipment 121 Accounts Payable 211 More info a. Brian invested $80,000 in the consulting agency. a. b. Bought office equipment on account, $7,500. Brian Pranz, 11 Brian Pranz, Withdrawals 312 Consulting Fees Earned 411 C. b. Agency received cash for consulting work that it completed for a client, $2,900. d. Brian paid a personal bill from the company checkbook, $115. e. C. d. Paid advertising expense for the month, $400. f. Rent expense for the month due but unpaid, $600. g. Paid $1,100 as partial payment of what was owed from Transaction B. Advertising e. 11 Rent Expense 512 f. g. Chart of Accounts Assets Cash 111 Office Equipment 121 Liabilities Accounts Payable 211 Owner's Equity Brian Pranz, Capital 311 Chart of Accounts Brian Pranz, Withdrawals 312 Revenue Consulting Fees Earned 411 Expenses Advertising Expense 511 Rent Expense 512 Print Done -
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