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Exercise 1 Create the T accounts for the submitted transactions. Construcciones de la Montaa had the following transactions in April: April 1 Paid utilities expense

Exercise 1 Create the T accounts for the submitted transactions. Construcciones de la Montaa had the following transactions in April: April 1 Paid utilities expense for $ 700 4 Materials (supplies) were purchased in cash $ 1,500 6 A construction was made to a client for $ 9,000 and they paid for it in cash. 10 A roof of a house was worked for $ 4,000 on credit. 12 Construction equipment was purchased for $ 2,500 on credit. 15 One month's rent was paid for $ 1,500. 18 They bought a truck on credit for $ 20,000. 20 A payment was made to the account of the truck purchased for $ 1,200.

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