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on 9 et ered ed out of D The following information pertains to Alan Marshall's personal financial transactions. Opening Balances-May 1, 2019 Cash $13,000
on 9 et ered ed out of D The following information pertains to Alan Marshall's personal financial transactions. Opening Balances-May 1, 2019 Cash $13,000 Contents of Home $1,700 lag Automobile $17,500 stion House $168,500 Unpaid Accounts $6,500 Bank Loan $62,300 Transactions for the month of May 2019. 1. Paid maintenance for the month of May with $1,000 cash. 2. Purchased new jewelry worth $2,400 with cash. 3. Paid credit card liability of $6,170. 4. Paid for telephone and electricity for May with $700 cash. 5. Purchased $2,100 of groceries and goods for personal consumption with cash. 6. Deposited $4,200 salary earned during the month. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a deficit. The T-Account fields are labeled by transaction number. Record each transaction by entering the value into the corre Account field. Required a) Using the information provided, record the opening balances in the T-accounts. b) Record the transactions for the month of May in the T-accounts. Opening: $ #1 #2 #3 #4 #5 #6 As at May 31, 2019 Assets Cash Opening: $ Opening: $ #1 #2 #3 #4 #5 Liabilities Unpaid Accounts Opening: $ #6 Ending: $ Ending: $ Ending: $ Ending: $ Contents of Home Bank Loan Opening: $ Opening: $ Opening: $ Opening: $ #1 #1 #2 #3 #4 #5 #2 #3 #4 #5 #6 #6 Ending: S Ending S Ending: S Ending: $ Opening: $ Automobile Opening: S #1 #2 #3 #4 #5 #6 Ending: $ Ending: $ House Opening: $ Opening: $ Opening: $ #1 #1 #2 #2 #3 #4 #5 #6 Ending: S Ending: $ Total Assets #3 #4 #5 Net Worth Opening: $ #6 Ending: $ Ending: $ Net Worth #1 #2 #3 #4 #5 #6 Ending: $ Personal Income Statement For the Month Ended May 31, 2019 REVENUE Revenue Ending: $ minus #1 #2 #3 #4 Entertainment #5 #6 Ending: $ Ending: $ Maintenance #1 #2 #3 #4 #5 Expenses #1 #2 #3 #4 #5 #6 Ending: $ #1 #2 #3 #4 #5 Food Ending: $ Utilities #6 #6 Ending: $ Ending: $ Ending: $ Ending: $ Total Revenue Total Expenses Surplus (Deficit)
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