Question
I need help making a t chart with this information please July 1 Purchased supplies including sheet music on credit for $150. 2 Collected $4,200
I need help making a t chart with this information please
July
1
Purchased supplies including sheet music on credit for $150.
2
Collected $4,200 in advance for singing lessons to be delivered in August.
3
Collected $2,100 for teaching singing lessons in July.
4
Paid $3,100 to rent her music studio for the month of July.
5
Paid $550 for supplies purchased on account last month.
15
Taylor Smith withdrew cash of $400 to do some personal shopping on the weekend.
20
Paid her assistant wages of $1,400.
31
Purchased new microphone equipment on credit for $350.
Post the entries to the T-accounts. (Use the below format) Enter the balances brought forward from June 30, 2020: Cash (101) $6,100; Supplies (126) $1,000; Equipment (161) $8,100; Accounts Payable (201) $1,600; Unearned Teaching Revenue (233) $9,900; Taylor Smith, Capital (301) $3,100; Taylor Smith, Withdrawals (302) $13,100; Teaching Revenue (401) $46,300; Wages Expense (623) $26,500; and Rent Expense (640) $6,100.
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