For each transaction below, record the entry in the T accounts furnished. Then prove equality of debits and credits by preparing a trial balance.

1. Khadija Ashini Dry Cleaning Company opened a business bank account by depositing . $12,000 on Nov. l.

2. Purchased supplies for cash, $220.

3. Purchased dry cleaning equipment for $3,500, paying $1,500 in cash with the balance on . account.

4. Paid rent for the month, $425.

5. Cash sales for the month totaled $1,850.

6. Paid salaries of $375.

7. Paid $500 on account.

8. The cost of supplies used was determined to be $60.

Question

For each transaction below, record the entry in the T accounts furnished. Then prove equality of debits and credits by preparing a trial balance.

1. Khadija Ashini Dry Cleaning Company opened a business bank account by depositing . $12,000 on Nov. l.

2. Purchased supplies for cash, $220.

3. Purchased dry cleaning equipment for $3,500, paying $1,500 in cash with the balance on . account.

4. Paid rent for the month, $425.

5. Cash sales for the month totaled $1,850.

6. Paid salaries of $375.

7. Paid $500 on account.

8. The cost of supplies used was determined to be $60.

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