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Problem 3.4A (Algo) Using T accounts to record all business transactions. LO 31,32,34 The accountant for the firm owned by Randy Guttery prepares financial statements

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Problem 3.4A (Algo) Using T accounts to record all business transactions. LO 31,32,34 The accountant for the firm owned by Randy Guttery prepares financial statements at the end of each month. The following transactions for Randy Guttery, Landscape Consultant took place during the month ended June 30, 2019. The following transactions are for Randy Guttery, Landscape Consultant. Transoctions: 0. Guttery invested $154,000 in cash to start the business. b. Paid $5,400 for the current month's rent. c. Bought office furniture for $16,120 in cash. d. Performed services for $7,600 in cash. e. Paid $1,190 for the monthly telephone bill. 1. Performed services for $13,400 on credit. 9. Purchased a computer and copler for $36,800; paid $12,400 in cash immediately with the balance due in 30 days. 1. Paid $3,400 in cash for office cleaning services for the month. 1. Purchased additional office chairs for $5,200; received credit terms of 30 days. k. Purchased office equipment for $34,000 and paid half of this amount in cash immediately, the batance is due in 30 days. 1. Issued a check for $8,800 to pay salaries. m. Perrormed services for $13.900 in cash. n. Performed services for $15.400 on credit. o. Collected $7,400 on accounts recevable from charge customers p. Issued a check for $2.600 in partial payment of the amount owed for office chairs. q. Paid $640 to a duplicating company for photocopy work performed during the month. 6. Paid $1,160 for the monthily electric bili. 5. Guttery withdiew $8.400 in cash for personal expenses. Post the above transactions into the appropriate T accounts. Analyze: What liabilities does the business have after all transactions have been recorded? Complete this question by entering your answers in the tabs below. Post the above transactions into the appropriate T accounts. Complete this question by entering your answers in the tabs below. What liabilities does the business have after all transactions have been recorded

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