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1. T. Barkley, an accountant, is in business with the following assets and liabilities Liabilities AP_Familiar Finance A/P-Proctor's Ltd. A/P-A Rose & Son 1621 250 100 Assets Bank 0 AR-R. Burke AR-E. Chapple AR-O. Patterson Supplies Equipment 15 Automobile 1500 300 250 78 200 3956 7000 A. Set up the financial position of T. Barkley in T-accounts and calculate the balance of the capital account. (3 Application marks) + B. In the T-accounts provided, record the accounting entries for the transactions listed below. DO NOT CALCULATE THE ACCOUNT BALANCES. (9 Application marks) 21 Transactions 22 >> a. Received 578 cash from O. Patterson in payment of her debt to the business b. Paid $100 cash to A. Rose & Son 25 c. The owner withdrew $300 cash from the business for his personal use. >> d. An accounting service was performed for R. Burke at a price of $500. Mr. Burke agreed to pay for the service at a later date. ** e. The office air conditioner, included in the Equipment figure, broke down and had to be repaired at a cost of $50. Cash was paid for the repair ** f. An accounting service was performed for E. Chapple for $200 cash 29. Bought supplies valued at $45. Paid cash n. An accounting service was performed for L. Bell for $1200. L. Bell promised to pay within 30 days. 11 L.T. Barkley bought a computer from Computerland for $2450. He gave a $900 deposit and is to pay the balance at the end of the month 30 Assets Bank AR-L. Bell AR-R. Burke AR-E. Chapple A/R-O. Patterson Supplies Equipment Automobile Liabilities and Equity A/P - Computerland AJP - Familiar Finance AP-Protor's Ltd AJP. Rose & Son T. Barkley, capital