Financial Accounting Sample Questions for T-Accounts Tanya opened a motel called EasyRooms. During the first month of operations, June 2021, Tanya had the following transactions. Post the following transactions to T-Accounts, find the final balance of each account, and prepare Trial Balance at the end. 1. Tanya invested $10,000 of personal funds to start the business 2. Incurred advertising expenses for $650, which will be paid later 3. Paid $700 cash for maintenance expense 4. Received $5,000 cash from guests during the month 5. Paid $650 related to the purchase in transaction #2 6. Paid three months of rent for its separate office space in advance, in the amount of $1,500 7. Incurred $300 of utilities expense, which will be paid next month 8. Received $1,000 cash from a customer for a private function to be held in two months 9. Sold rooms for a private function for $1,200, which the customer will pay later 10. Paid $500 in legal fees for consultation about the business 11. Tanya withdrew $1,000 cash for personal use 12. Purchased a second-hand shuttle van worth $10,000, with cash 13. Received $700 from the customer in transaction #9