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Prepare T Accounts according to the instructions The drop down menu has dates on them Instructions On January 1, 2019, Sharon Matthews established Tri-City Realty,
Prepare T Accounts according to the instructions
The drop down menu has dates on them
Instructions On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: Sharon Matthews transferred cash froma personal bank account to an account to be used for the Jan. 1 business, $30,000. Paid rent on office and equipment for the month, $2,450. Purchased supplies on account, $2,200. 3 Paid creditor on account, $850. 4 5 Earned fees, receiving cash, $14,940. 6 Paid automobile expenses (including rental charge) for month, $1,580, and miscellaneous expenses, $470. Paid office salaries, $2,000. 7 Determined that the cost of supplies used was $1,100. Withdrew cash for personal use, $3,200. en T Accounts 2. Post the journal entries to the Taccounts, selecting the appropriate date to the left of each amount to identify the transactions. Determine the account balances after all posting is complete. Accounts containing only a single entry do not need a balance. Cash Bal, Supplies Ral T Accounts Supplies Bal. Accounts Payable Bal. Sharon Matthews, Capital Sharon Matthews, Drawing Fees Earned T Accounts Rent Expense Jan. 1 Office Salaries Expense Jan. 2 Jan. 3 Automobile Expense Jan. 4 Jan. 5 Supplies Expense Jan. 6 Jan. 7 Miscellaneous Expense Jan. 8 Jan. 9 Step by Step Solution
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