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E6A. Open the following T accounts: cash; repair supplies; repair equipment; accounts payable; C.Ferdinand, Capital, withdrawals; repair fees earned; salaries expense; and rend expense. Record

E6A. Open the following T accounts: cash; repair supplies; repair equipment; accounts payable; C.Ferdinand, Capital, withdrawals; repair fees earned; salaries expense; and rend expense. Record the following transaction for the month of June directly in the T accounts; use the letters to identify the transaction in your T accounts. Determine the balance in each account

Collin Ferdinand opened Ferdinand repair service by investing $8,600 in cash.

Paid $800 for the current months rent.

Purchased repair supplies on credit, $1000.

Purchased additional repair equipment for cash, $600.

Paid salary to an employee.

Paid $400 of amount purchased on credit in C.

Accepted cash for repairs completed, $3,720

Withdrew $1,200 in cash.

E9A. After recording the transactions in E6A, prepare a trial balance in proper sequence for Ferdinand repair service as of June 30, 2014.

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