Emma Hill opened a domitory locator business called Dormitory Locators near a college campus. During the first month of operations, July $2016,$ Emma had the following transactions.

$1)$ Invested $$11,100$ of personal funds to start the business.

$2)$ Incurred travel expenses for $$1,320,$ which will be paid later.

$3)$ Paid $$650$ cash for maintenance expenses.

$4)$ Received $$5,900$ cash for services provided to clients.

$5)$ Paid $$1,320$ for the on account purchase in transaction $2.$

$6)$ Paid three months of office rent costing $$1,500$ in advance.

$7)$ Incurred $$500$ of utilities expenses, which will be paid next month.

$8)$ Received $$1,080$ cash from a customer for services to be provided in two months.

$9)$ Provided $$1,290$ in services for a customer who will pay later.

$10)$ Recognized one month of office rent that was previously prepaid.

$11)$ Emma withdrew $$1,140$ cash for personal use.

$12)$ Purchased a second$-$hand car worth $$7,400$ for business use with cash.

$13)$ Received $$950$ from a customer owing for the service provided earlier this month.

Required

Prepare a T$-$Account worksheet.

Do not enter dollar signs or commas in the input boxes.

Use the negative sign for negative values.

The T$-$Account fields are labeled by transaction number. Record each transaction by entering the value into the corresponding T$-$Account field.

Dormitory Locators

Balance Sheet

As at July $31,2016$

Assets $($what we OWN$)$ Liabilities $($what we OWE$)$

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Cash Accounts Payable

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Accounts Receivable Unearned Revenue

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Prepaid Rent Hill, Capital

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Automobile Hill, Drawings

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