question 4 & 5

k Show Me How Calculator Instructions Chart of Accounts Journal T Accounts V E nstructions Jan. 1 2 3 Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $40,000 Paid rent on office and equipment for the month, $6,000. Purchased supplies on account, $3,200. Paid creditor on account, $1,750. Earned fees, receiving cash, $18,250. Paid automobile expenses (including rental charge) for month, $1,880, and miscellaneous expenses, 4 5 6 $420. 7 B Paid office salaries, $5,000. Determined that the cost of supplies used was $1,400. Withdrew cash for personal use, $2,000. 9 CHART OF ACCOUNTS Tri-City Realty General Ledger REVENUE ASSETS 11 Cash 41 Fees Earned 12 Supplies EXPENSES LIABILITIES 51 Rent Expense 21 Accounts Payable 52 Office Salaries Expense 53 Automobile Expense EQUITY 54 Supplies Expense 55 Miscellaneous Expense 31 Sharon Matthews, Capital 32 Sharon Matthews, Drawing Check My Work All work saved. Email instructor Save and 15 MacBook Air 20 F3 000 000 F4 F5 F6 F7 FR 4. Determine the following: a. Amount of total revenue recorded in the ledger. $ b. Amount of total expenses recorded in the ledger. $ c. Amount of net income for January. $ 5. Determine the increase or decrease in owner's equity for January