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How do you post the following transactions to T accounts ? Transactions to Record for the month of March 1-Mar Issued 1,000 shares of F&F

How do you post the following transactions to T accounts ?

Transactions to Record for the month of March

1-Mar

Issued 1,000 shares of F&F common stock for $30,000. The common stock has a $10 par value.

1-Mar

Paid $4,500 for rent for the Months of March and April

1-Mar

Hired two employees. Each employee will be paid $20 per hour. Employees will start on March 8th.

1-Mar

Borrowed $10,000 cash on a 3-year, 6% Note Payable, Interest is paid quarterly with the first payment due on June 1. Assume all months have 30 days. See Account Titles

1-Mar

Purchased with cash four identical computers for $1,500 each. 4 desks with chairs for $800 each, 4 filing cabinets for $300 each and a $700 printer.

3-Mar

Purchased $2,500 of supplies on account.

5-Mar

Paid $250 for phone and internet service for the month of March.

6-Mar

Obtained Insurance coverage for $3,600 for a six-month period from March 1st to August 31st. Paid the premium in Cash.

10-Mar

Placed ads in the local papers. Each ad costs $80 per week and will run for the 3 weeks left in March and 4 weeks into April. (Total of 7 weeks.) The ads were placed on account.

15-Mar

Billed customers $4,500. $2,000 was for accounting services and the remainder for tax work.

16-Mar

Paid employees $1,200 for their services for the first week.

17-Mar

Several customers paid in advance for the firm to prepare their tax returns. F&F received a check for $2,700.

20-Mar

Paid $800 toward the cost of supplies. See March 3rd transaction

22-Mar

Received Check for $2,400 from customers for the services billed on March 15.

23-Mar

Paid employees $1,750 for services from March 15 to March 22

25-Mar

Determined that a more powerful computer was need. One of the $1,500 computers was sold for $1,200 and a new computer costing $2,800 was purchased for cash. Ignore any depreciation on the computer sold.

28-Mar

F&F was informed that a customer who was billed $150 on March 15th had declared bankruptcy. Using the allowance method, write off this account.

29-Mar

Repurchased 200 shares of F&F common stock at $25 per share. These shares will be held in the treasury and will not receive cash dividends.

31-Mar

Paid employees $1,900 for services from March 23 to March 30

31-Mar

Billed Customers $7,900. $3,000 was for accounting services and the remainder for tax work.

31-Mar

Declared and Paid a cash dividend of $1.00 per share. (Treasury Stock does not receive this dividend.)

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