QUESTION SIX - T-ACCOUNTS - 26 MARKS a. Caren Krispy began an auditing firin, Forensic Accounting, by investing $10,000 cash and a computer equipment with a $3,000 fair value. b. Purchased computer equipment from Johnson Bros. on credit, $2,500. c. Completed auditing work and received $1,000 cash in full payment. d. Paid Johnson Bros. $2,500 for the amount owed. e. Completed auditing work for clients on credit, $3,500. f. Caren Krispy withdrew $500 cash from the practice for personal use. g. Received $3,500 for the audit work completed for the clients in Transaction e. h. Paid secretary's salary, $1,500. i. Paid $500 for advertising expense. REQUIRED: 1. Record the transactions for Forensic Accounting by posting the entries directly to the T-accounts provided. Key each entry by transaction letter. Calculate the final balance in each account. 2. Assign account numbers to the T-accounts. ANSWER SHEET - QUESTION SIX - T-ACCOUNTS - 26 MARKS Posting and Charting Accounts Cash Accounts Receivable DR CR Computer Equipment DR CR DR CR Accounts Payable DR CR Caren Crispy , Capital DR CR Caren Crispy, Withdrawal DR CR Accounting Fees Earned DR CR Salaries Expense DR CR Advertising Expense DR CR