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Post the above transactions into the appropriate T accounts. What liabilities does the business have after all transactions have been recorded? Put the above transactions
Post the above transactions into the appropriate T accounts. |
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What liabilities does the business have after all transactions have been recorded? |
Put the above transactions in the appropriate t accounts. What liabilities does the business have after all the transactions have been recorded?
5 Transactions: 6 a. Guttery invested $152,000 in cash to start the business. 7 b. Paid $5,200 for the current month's rent. 8 C. Bought office furniture for $15,920 in cash. 9 d. Performed services for $7,400 in cash. 10 e. Paid $1,170 for the monthly telephone bill. 11 f. Performed services for $13,200 on credit. 12 g. Purchased a computer and copier for $36,400; paid $12,200 in cash immediately with the balance due in 30 days. 13 h. Received $6,600 from credit clients. 14. Paid $3,200 in cash for office cleaning services for the month. 15.). Purchased additional office chairs for $5,000; received credit terms of 30 days. 16 k. Purchased office equipment for $32,000 and paid half of this amount in cash immediately, the balance is due in 30 days. 17 1. Issued a check for $8,600 to pay salaries. 18 m. Performed services for $13,700 in cash. 19 n. Performed services for $15,200 on credit. 0 O. Collected $7,200 on accounts receivable from charge customers. 1 p. Issued a check for $2,500 in partial payment of the amount owed for office chairs. 29. Paid $620 to a duplicating company for photocopy work performed during the month. 3 r. Paid $1,140 for the monthly electric bill. s. Guttery withdrew $8,200 in cash for personal expenses
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