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Procore l Autodesk BIM 360 H Problem 3.4A Using T accounts to record all business transactions. LO 3-1, 3-2,34 The following transactions are for Horace
Procore l Autodesk BIM 360 H Problem 3.4A Using T accounts to record all business transactions. LO 3-1, 3-2,34 The following transactions are for Horace Brock, Landscape Consultant TRANSACTIONS a. Brock invested $145,000 in cash to start the business b. Paid $4,500 for the current month's rent c. Bought office furniture for $15,220 in cash. d. Performed services for $8,700 in cash e. Paid $1,100 for the monthly telephone bil. f. Performed services for $14,500 on credit Pacdhand a conpedepai $11500 n cash imawce due in 30 days h. Received $7,250 from credit clients i. Paid $2,500 in cash for office cleaning services for the month Purchased additional office chairs for $4,300, received credit terms of 30 days. Purchased office equipment for $25,000 and paid half of this amount in cash immediately; the balance is due in 30 days L Issued a check for $7,900 to pay salaries m. Performed services for $15,000 in cash n. Performed services for $16,500 on credit o. Collected $6,500 on accounts receivable from charge customers p. Issued a check for $2,150 in partial payment of the amount owed for office chairs g. Pa 0 to a duplicating company for photocopy work performed during the month Paid $1,070 for the monthly electric bill s. Brock withdrew $7,500 in cash for personal expenses. Post the above transactions into the appropriate T accounts Cash Accounts F
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