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can i get some help with this one? Transactions: a. Guttery invested $141,000 in cash to start the business. b. Paid $4,100 for the current
can i get some help with this one?
Transactions: a. Guttery invested $141,000 in cash to start the business. b. Paid $4,100 for the current month's rent. c. Bought office furniture for $14,820 in cash. d. Performed services for $9.100 in cash. e. Paid $1,060 for the monthly telephone bill. f. Performed services for $14,900 on credit. g. Purchased a computer and copier for $34,200; paid $11,100 in cash immediately with the balance due in 30 days. h. Received $7,450 from credit clients. i. Paid $2,100 in cash for office cleaning services for the month. j. Purchased additional office chairs for $3,900; received credit terms of 30 days. k. Purchased office equipment for $21,000 and paid half of this amount in cash immediately; the balance is due in 30 days. 1. Issued a check for $7,500 to pay salaries. m. Performed services for $15,400 in cash. n. Performed services for $16,900 on credit. o. Collected $6,100 on accounts receivable from charge customers. p. Issued a check for $1,950 in partial payment of the amount owed for office chairs. q. Paid $510 to a duplicating company for photocopy work performed during the month. r. Paid $1,030 for the monthly electric bill. s. Guttery withdrew $7,100 in cash for personal expenses. Post the above transactions into the appropriate T accounts. Cash Accounts Receivable Bal. Bal. Office Equipment Office Furniture Bal. Bal. Accounts Payable Randy Guttery, Capital Bal. Bal. Randy Guttery, Drawing Fees Income Bal. Rent Expense Utilities Expense Bal. Rent Expense Utilities Expense Bal. Salaries Expense Telephone Expense Bal. Miscellaneous ExpenseStep by Step Solution
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