Question
Exercise 3 Create the T accounts for the submitted transactions. During the month of May 2020, Bruno Ayala, an accountant, opened an office and carried
Exercise 3 Create the T accounts for the submitted transactions. During the month of May 2020, Bruno Ayala, an accountant, opened an office and carried out the following transactions: February 1 An investment was made to open the office for $ 30,000. 2 Monthly rent paid for $ 1,400. 4 Money was received from a customer for $ 600 for a service. 6 Materials were purchased for $ 500 in cash. 10 Services were performed to a customer on credit for $ 1,000. 12 Office equipment was purchased on credit for $ 1,500. 14 There were gasoline expenses of $ 100. 16 A payment is received from the customer who received the credit service for $ 600. 18 Administrative assistant salary was paid for $ 2,500.
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