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Mike Szabo Company engaged in the following transactions during the month of December: Dec 2 Made Credit sales of $4,000 (accepted account receivable) 6 Made

Mike Szabo Company engaged in the following transactions during the month of December:

Dec 2 Made Credit sales of $4,000 (accepted account receivable)

6 Made cash sales of $2,500

10 Paid office salaries of $500.

14 Sold land that originally cost $2,200. for $3,000 cash

17 Paid $6,000 for equipment

21 Billed clients $9,000 for services (accepted accounts receivable).

24 Collected $1, 200 on an account receivable.

28 Paid an account payable of $7,00.

Pecord the transactions, using T-accounts

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