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Record these transactions of the Barton Corporation company by recording the debit and credit entries directly in the T-accounts. Use the date for each transaction
Record these transactions of the Barton Corporation company by recording the debit and credit entries directly in the T-accounts. Use the date for each transaction to identify the entries, placing the date in the left-hand cell and the amount in the right-hand cell on the appropriate side of the T-account. Then determine the balance of each account using the starting balances as shown, and write 'Balance' (or 'Bal') next to it, in the left-hand cell on the appropriate side. a. April 2 : Travis McAllister (a shareholder), received share capital in Barton Corporation, after investing $45,000 cash into the business. b. April 4 : Furniture was rented by a customer for $500 on credit. c. April 6 : Barton Corporation received a bill today for this month's water utilities; $450. It will be paid within 30 days. d. April 9 : Barton Corporation purchased new equipment by paying $1,500 cash. e. April 11 : Collected $500 regarding a credit customer's account. f. April 13 : Barton Corporation paid $100 towards the bill from transaction (c). g. April 14 : Barton Corporation purchased $2,000 of equipment on credit. h. April 16 : A client rented equipment for $600 cash. i. April 19 : Barton Corporation paid this month's $200 electrical utilities bill received today. j. April 21 : Barton Corporation used $750 cash and $2,250 credit to purchase new equipment worth $3,000
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