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PROBLEM 2 - 2 B J . Carrie established Carrie Photo Tours during June of this year:The accountant prepared the following chart of accounts:AssetsRevenueCashIncome from
PROBLEM B J Carrie established Carrie Photo Tours during June of this year:The accountant prepared the following chart of accounts:AssetsRevenueCashIncome from ServicesComputer SoftwareOffice EquipmentNeon SignLiabilitiesAccounts PayableExpensesWages ExpenseRent ExpenseSupplies ExpenseAdvertising ExpenseUtilities ExpenseMiscellaneous ExpenseOwner's EquityJ. Carrie, CapitalJ. Carrie, DrawingThe following transactions occurred during the month of June:a Carrie deposited $ cash in a bank account in the name of the business.b Bought office equipment for cash, $ Ck Noc Bought computer software from Morey's Computer Center, $ paying $ in cash and placing the balance on account, Ck Nod Paid current month's rent, $ Ck NoRent Expensee Sold services for cash, $Income from ServicesBought a neon sign from The Sign Company, $ paying $ in cash and placing the balance on account, Ck Nog Received bill from The Gossiper for advertising, $Advertising Expenseh Bought supplies on account from City Supply, $i Received and paid the electric bill, $ Ck Noj Paid on account to The Gossiper, a creditor, $ Ck Nok Sold services for cash, $ Paid wages to an employee, $ Ck Nom Carrie invested his personal computer Office Equipment with a fair market value of $ in the business.n Carrie withdrew cash for personal use, $ Ck No Received and paid the bill for city business license, $ Ck NoMiscellaneous ExpenseRequired Record the owner's name in the Capital and Drawing T accounts Correctly place the plus and minus signs for each T account, and label the debit and credit sides of the accounts Record the transactions in the T accounts. Write the letter of each entry to identify the transaction Foot the T accounts and show the balances Prepare a trial balance, with a threeline heading, dated June
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