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Im having a hard time figuring this one out, can i get some help? Transactions: a. Sutton invested $148,000 in cash to start the business.

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Im having a hard time figuring this one out, can i get some help?

Transactions: a. Sutton invested $148,000 in cash to start the business. b. Paid $4,800 for the current month's rent. c. Bought office furniture for $15,520 in cash. d. Performed services for $8,400 in cash. e. Paid $1,130 for the monthly telephone bill. f. Performed services for $14,200 on credit. g. Purchased a computer and copier for $35,600; paid $11,800 in cash immediately with the balance due in 30 days. h. Received $7,100 from credit clients. i. Paid $2,800 in cash for office cleaning services for the month. j. Purchased additional office chairs for $4,600; received credit terms of 30 days. k. Purchased office equipment for $28,000 and paid half of this amount in cash immediately, the balance is due in 30 days. I. Issued a check for $8,200 to pay salaries. m. Performed services for $14,700 in cash. n. Performed services for $16,200 on credit. o. Collected $6,800 on accounts receivable from charge customers. p. Issued a check for $2,300 in partial payment of the amount owed for office chairs. q. Paid $580 to a duplicating company for photocopy work performed during the month. r. Paid $1,100 for the monthly electric bill. s. Sutton withdrew $7,800 in cash for personal expenses. Trial Balance June 30, 20X1 Account Name Debit Credit Cash $ 139,220 4001 Accounts receivable Office equipment Accounts payable 63,600 40,100 1,130 4,800 1,100 53,500 Telephone expense Rent expense Utilities expense Fees income Salaries expense Vincent Sutton, Capital Vincent Sutton, Drawing Office furniture Miscellaneous expense 8,200 148,000 7,800 20,120 580 Total $ 246,950 $ 241,600 VINCENT SUTTON, LANDSCAPE CONSULTANT Income Statement Month Ended June 30, 20X1 Revenue Expenses Total expenses 0 $ 0 VINCENT SUTTON, LANDSCAPE CONSULTANT Statement of Owner's Equity Month Ended June 30, 20X1 0 $ 0 VINCENT SUTTON, LANDSCAPE CONSULTANT Balance Sheet June 30, 20X1 Assets Liabilities Owner's Equity 0 $ Total Assets $ O Total Liabilities and Owner's Equity

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