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hree Homework Assignment nces Check my work The accountant for the firm owned by Randy Guttery prepares financial statements at the end of each month.
hree Homework Assignment nces Check my work The accountant for the firm owned by Randy Guttery prepares financial statements at the end of each month. The following transactions for Randy Guttery, Landscape Consultant took place during the month ended June 30, 2019. The following transactions are for Randy Guttery, Landscape Consultant. Transactions: a. Guttery invested $147,000 in cash to start the business. b. Paid $4,700 for the current month's rent. c. Bought office furniture for $15,420 in cash. d. Performed services for $8,500 in cash. e. Paid $1,120 for the monthly telephone bill. 1. Performed services for $14,300 on credit. g. Purchased a computer and copier for $35,400; paid $11,700 in cash immediately with the balance due in 30 days. h. Received $7,150 from credit clients. i. Paid $2,700 in cash for office cleaning services for the month. j. Purchased additional office chairs for $4,500; received credit terms of 30 days. k. Purchased office equipment for $27,000 and paid half of this amount in cash immediately, the balance is due in 30 days. 1. Issued a check for $8,100 to pay salaries. m. Performed services for $14,800 in cash. n. Performed services for $16,300 on credit. o. Collected $6,700 on accounts receivable from charge customers. p. Issued a check for $2,250 in partial payment of the amount owed for office chairs. q. Paid $570 to a duplicating company for photocopy work performed during the month. r. Paid $1,090 for the monthly electric bill. s. Guttery withdrew $7,700 in cash for personal expenses. Post the above transactions into the appropriate T accounts. Analyze: 0: 03 02 Post the above transactions into the appropriate T accounts. Analyze: What liabilities does the business have after all transactions have been recorded? Complete this question by entering your answers in the tabs below. Transactions Analyze Post the above transactions into the appropriate T accounts. Cash Bal. Accounts Receivable bk t nces Office Equipment Bal. Accounts Payable Bal. Randy Guttery, Drawing Bal Rent Expense Bal. Bal Office Furniture: Randy Guttery, Capital Fees Income Bal Utilities Expense . 70 *** Mayt Check my work Bal. ces Bal. Bal. Rent Expense Salaries Expense Miscellaneous Expense Bal. Bal. Utilities Expense Telephone Expense. Check my work ook int rences Analyze: What liabilities does the business have after all transactions have been recorded? Complete this question by entering your answers in the tabs below. Transactions Analyze What liabilities does the business have after all transactions have been recorded? Liabilities
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