Problem $3-98($Static$)$ The consulting firm of Martin and Associates...

The consulting firm of Martin and Associates uses the accounts listed below. On a separate sheet of paper, set up T accounts for each

of the accounts listed and record the balances as of December $1,20$X$1$ on the normal balance side of the accounts.

The firm has the following transactions during the month of December $20$X$1.$

a$.$ Paid $$2,100$ for one month's rent.

b$.$ Collected $$4,500$ in cash from credit customers.

c$.$ Performed services for $$8,300$ in cash.

d$.$ Paid $$5,300$ for salaries.

e$.$ Issued a check for $$2,750$ to a creditor.

f$.$ Performed services for $$11,650$ on credit.

g$.$ Purchased office equipment for $$3,200$ on credit.

h$.$ The owner withdrew $$2,800$ in cash for personal expenses.

i$.$ Issued a check for $$925$ to pay the monthly utility bill.

Post the above transactions into the appropriate $T$ accounts.

Using the information shown, prepare a trial balance for Martin and Associates at December $31,20$X$1$ before any adjusting entries

are made.Problem $3-98($Static$)$ The consulting firm of Martin and Associates...

The consulting firm of Martin and Associates uses the accounts listed below. On a separate sheet of paper, set up T accounts for each

of the accounts listed and record the balances as of December $1,20$X$1$ on the normal balance side of the accounts.

The firm has the following transactions during the month of December $20$X$1.$

a$.$ Paid $$2,100$ for one month's rent.

b$.$ Collected $$4,500$ in cash from credit customers.

c$.$ Performed services for $$8,300$ in cash.

d$.$ Paid $$5,300$ for salaries.

e$.$ Issued a check for $$2,750$ to a creditor.

f$.$ Performed services for $$11,650$ on credit.

g$.$ Purchased office equipment for $$3,200$ on credit.

h$.$ The owner withdrew $$2,800$ in cash for personal expenses.

i$.$ Issued a check for $$925$ to pay the monthly utility bill.

Post the above transactions into the appropriate $T$ accounts.

Using the information shown, prepare a trial balance for Martin and Associates at December $31,20$X$1$ before any adjusting entries

are made.Problem $3-98($Static$)$ The consulting firm of Martin and Associates...

The consulting firm of Martin and Associates uses the accounts listed below. On a separate sheet of paper, set up T accounts for each

of the accounts listed and record the balances as of December $1,20$X$1$ on the normal balance side of the accounts.

The firm has the following transactions during the month of December $20$X$1.$

a$.$ Paid $$2,100$ for one month's rent.

b$.$ Collected $$4,500$ in cash from credit customers.

c$.$ Performed services for $$8,300$ in cash.

d$.$ Paid $$5,300$ for salaries.

e$.$ Issued a check for $$2,750$ to a creditor.

f$.$ Performed services for $$11,650$ on credit.

g$.$ Purchased office equipment for $$3,200$ on credit.

h$.$ The owner withdrew $$2,800$ in cash for personal expenses.

i$.$ Issued a check for $$925$ to pay the monthly utility bill.

Post the above transactions into the appropriate $T$ accounts.

Using the information shown, prepare a trial balance for Martin and Associates at December $31,20$X$1$ before any adjusting entries

are made.