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Christopher Lee is preparing his balance sheet and income statement for the month ended February 2 9 , 2 0 1 9 . Use the

Christopher Lee is preparing his balance sheet and income statement for the month ended February 29,2019. Use the following information to help him prepare his financial statements.
Opening Balances - February 1,2019
Cash $11,700
Contents of Home $2,100
Automobile $18,000
House $185,700
Unpaid Accounts $11,800
Auto Loan $153,700
Net Worth $52,000
The following transactions occurred during the month of February.
1. Deposited $6,600 salaries earned during the month.
2. Purchased a new home computer worth $2,500 using a credit card
3. Paid credit card bill with $5,000 cash.
4. Paid travel bills of $1,000 for the month of February using a credit card.
5. Purchased gas for $5,000 using cash.
6. Made a principal payment of $1,400 on the automobile loan.
7. Paid February's rent of $1,200 with cash.
Do not enter dollar signs or commas in the input boxes.
Use the negative sign for a deficit.
The T-Account fields are labeled by transaction number. Record each transaction by entering the value into the corresponding T-Account field.
Required
a) Using the information provided, record the opening balances in the T-accounts.
b) Record the transactions for the month of February in the T-accounts.
Personal Balance Sheet
As at February 28,2019
Assets (what we OWN)
Liabilities (what we OWE)
Increase Decrease Decrease Increase
Cash Unpaid Accounts
Opening: $Answer
Opening: $ Answer
Transaction # 1 Answer
Answer
Transaction # 1 Answer
Answer
Transaction # 2 Answer
Answer
Transaction # 2 Answer
Answer
Transaction # 3 Answer
Answer
Transaction # 3 Answer
Answer
Transaction # 4 Answer
Answer
Transaction # 4 Answer
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Transaction # 5 Answer
Answer
Transaction # 5 Answer
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Transaction # 6 Answer
Answer
Transaction # 6 Answer
Answer
Transaction # 7 Answer
Answer
Transaction # 7 Answer
Answer
Ending: $ Answer
Ending: $ Answer
Increase Decrease Decrease Increase
Contents of Home Auto Loan
Opening: $Answer
Opening: $ Answer
Transaction # 1 Answer
Answer
Transaction # 1 Answer
Answer
Transaction # 2 Answer
Answer
Transaction # 2 Answer
Answer
Transaction # 3 Answer
Answer
Transaction # 3 Answer
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Transaction # 4 Answer
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Transaction # 4 Answer
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Transaction # 5 Answer
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Transaction # 5 Answer
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Transaction # 6 Answer
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Transaction # 6 Answer
Answer
Transaction # 7 Answer
Answer
Transaction # 7 Answer
Answer
Ending: $ Answer
Ending: $ Answer
Increase Decrease
Automobile
Opening: $Answer
Transaction # 1 Answer
Answer
Transaction # 2 Answer
Answer
Transaction # 3 Answer
Answer
Transaction # 4 Answer
Answer
Transaction # 5 Answer
Answer
Transaction # 6 Answer
Answer
Transaction # 7 Answer
Answer
Ending: $ Answer
Increase Decrease Decrease Increase
House Net Worth
Opening: $Answer
Opening: $ Answer
Transaction # 1 Answer
Answer
Transaction # 1 Answer
Answer
Transaction # 2 Answer
Answer
Transaction # 2 Answer
Answer
Transaction # 3 Answer
Answer
Transaction # 3 Answer
Answer
Transaction # 4 Answer
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Transaction # 4 Answer
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Transaction # 5 Answer
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Transaction # 5 Answer
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Transaction # 6 Answer
Answer
Transaction # 6 Answer
Answer
Transaction # 7 Answer
Answer
Transaction # 7 Answer
Answer
Ending: $ Answer
Ending: $ Answer
Total Assets $ Answer
Total Liabilities $ Answer
Net Worth $ Answer
Personal Income Statement
For the Month Ended February 28,2019
REVENUE
Decrease - Increase +
Revenue
Transaction # 1 Answer
Answer
Transaction # 2 Answer
Answer
Transaction # 3 Answer
Answer
Transaction # 4 Answer
Answer
Transaction # 5 Answer
Answer
Transaction # 6 Answer
Answer
Transaction # 7 Answer
Answer
Ending: $ Answer
minus
Expenses
Increase Decrease Increase Decrease
Entertainment Gas
Transaction # 1 Answer
Answer
Transaction # 1 Answer
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Transaction # 2 Answer
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Transaction # 2 Answer
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Transaction # 3 Answer
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Transaction # 3 Answer
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Transaction # 4 Answer
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Transaction # 4 Answer
Answer
Transaction # 5 Answer
Answer
Transaction # 5 Answer
Answer
Transaction # 6 Answer
Answer
Transaction # 6 Answer
Answer
Transaction # 7 Answer
Answer
Transaction # 7 Answer
Answer
Ending: $ Answer
Ending: $ Answer
Increase Decrease Increase Decrease
Travel Rent
Transaction # 1 Answer
Answer
Transaction # 1 Answer
Answer
Transaction # 2 Answer
Answer
Transaction # 2 Answer
Answer
Transaction # 3 Answer
Answer
Transaction # 3 Answer
Answer
Transaction # 4 Answer
Answer
Transaction # 4 Answer
Answer
Transaction # 5 Answer
Answer
Transaction # 5 Answer
Answer
Transaction # 6 Answer
Answer
Transaction # 6 Answer
Answer
Transaction # 7 Answer
Answer
Transaction # 7 Answer
Answer
Ending: $ Answer
Ending: $ Answer
Total Revenue Answer
Total Expenses Answer
Surplus (Deficit)

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