GO GO RT.1.ALGO RT.2.ALGO RT.3.ALGO RT.1 ALGO RT.2.ALGO RT.3.ALGO 3. Mysers established Mysers's Photo Tours during June of this year. The accountant prepared the following chart of accounts: Assets Cash Supplies Owner's Equity 3. Mysers, Capital 3. Mysers, Drawing Computer Software Office Equipment Neon Sign Liabilities Accounts Payable Revenue Income from Services The following transactions occurred during the month of June: Expenses Wages Expense Rent Expense Advertising Expense Utilities Expense Miscellaneous Expense a. Mysers deposited $40,000 cash in a bank account in the name of the business. b. Bought office equipment for cash, $2,130, Ck. No. 1001. c. Bought computer software from Morey's Computer Center, $1,075, paying $475 in cash and placing the balance on account, Ck. No. 1002. d. Paid current month's rent, $1,150, Ck. No. 1003. e. Sold services for cash, $2,390. f. Bought a neon sign from The Sign Company, $1,675, paying $585 in cash and placing the balance on account, Ck. No. 1004. g. Received bill from The Gossiper for advertising, $590. h. Bought supplies on account from City Supply, $700. 1. Received and paid the electric bill, $675, Ck. No. 1005. 1. Paid on account to The Gossiper, $325, Ck. No. 1006. ALGO ALGO PART 1 ALGO PART.2.ALGO ART.3.ALGO k. Sold services for cash, $3,996. 1. Paid wages to an employee, $1,120, Ck. No. 1007. m. Mysers Invested his personal computer (Office Equipment) with a fair market value of $1,650 in the business. n. Mysers withdrew cash for personal use, $1,300, Ck. No. 1008. o. Received and paid the bill for city business license, $115, Ck. No. 1009 (Miscellaneous Expense). Required: 1. Correctly place the plus and minus signs for each T account and label the debit and credit sides of the accounts. 2. Record the transactions in the T accounts. Record the amounts in the order given (letters 'a' through 'o'). 3. Foot the T accounts and show the balances. ART.1.ALGO ART.2.ALGO Debit ART.3.ALGO Cash Credit Accounts Payable Debit Bal. Credit ALGO ALGO PART 1 ALGO PART.2.ALGO PART.3.ALGO PART.1 ALGO PART 2 ALGO PART.3.ALGO Bal 3. Foot the T accounts and show the balances. Debit Debit Cash Supplies Credit Debit Accounts Payable Bal. Credit 3. Mysers, Capital Debit Condie Credit 2:04 PM ed Homework ALGO ALGO PART.1.ALGO eBook Bal PART 2 ALGO PART.3.ALGO PART 1 ALGO PART 2 ALGO PART.3.ALGO Bal Bal. Debit Supplies Debit Credit Computer Software Debit Debit Credit Office Equipment Bal 3. Mysers, Capital Bal. Credit 3. Mysers, Drawing Debit Credit Income from Services Credit Debit Credit Bal Neon Sign Wages Expense 2:04PM 4 B mework eBook 1.ALGO 2.ALGO 3.ALGO ALGO ALGO 8.ALGO Bal. Debit Neon Sign Credit Bal. Debit Wages Expense Bal. Rent Expense Debit Credit Advertising Expense Debit Credit Bal. Utilities Expense Debit Credit Credit sework eBook 8888 ALGO ALGO ALGO LGO LGO LGO Debit Utilities Expense Credit Bal. Miscellaneous Expense Bal. Debit Credit 4. Prepare a trial balance, with a three-line heading, dated June 30, 20-. List all the accounts in the proper order as described in the textbook. If no amount is required, leave the entry box blank. Mysers's Photo Tours Trial Balance June 30, 20-- ACCOUNT NAME Cash Supplies Computer Software DEBIT CREDIT 2:05 PM textbook. If no amount is required, leave the entry box blank. Mysers's Photo Tours Trial Balance June 30, 20-- ACCOUNT NAME DEBIT CREDIT Cash Supplies Computer Software Office Equipment Neon Sign Accounts Payable J. Mysers, Capital J. Mysers, Drawing Income from Services Wages Expense Rent Expense Advertising Expense Utilities Expense Miscellaneous Expense 000