S. Nguyen, a speech therapist, opened a clinic in the name of Nguyen Clinic. Her accountant prepared the following chart of accounts: Assets Revenue Cash Professional Fees Accounts Receivable Office Equipment Expenses Office Furniture Salary Expense Rent Expense Liabilities Utilities Expense Accounts Payable Miscellaneous Expense Owner's Equity S. Nguyen, Capital S. Nguyen, Drawing The following transactions occurred during June of this year: Nguyen deposited $36,000 in a bank account in the name of the business. b. Bought waiting room chairs and tables Office Furniture) on account, $1,050. C. Bought a fax/copier/scanner combination (Office Equipment) from Max's Equipment for $550, paying $170 in cash and placing the balance on account, Ck. No. 1001. d. Bought an intercom system (Office Equipment) on account from Regan Office Supply, $325. e. Received and paid the telephone bill, $112, Ck. No. 1002. f. Sold professional services on account, $1,332. g. Received and paid the electric bill, $105, Ck. No. 1003. h. Received and paid the bill for the state speech therapy convention, $420, Ck. No. 1004 (Miscellaneous Expense). i. Sold professional services for cash, $2,925. j. Paid on account to Regan Office Supply, $240, Ck. No. 1005. k. Paid the rent for the current month, $765, Ck. No. 1006. 1. Paid salary of the receptionist, $670, Ck. No. 1007. m. Nguyen withdrew cash for personal use, $620, Ck. No. 1008. n. Received $575 on account from patients who were previously billed. Required: 1. Under each of the following T accounts, select either a plus or minus sign on the left side to indicate whether a Debit increases or decreases the classification or account and select either a plus or minus sign on the right side to indicate whether a credit increases or decreases the classification or account. 2. Record the amounts in the proper positions in the T accounts. Record the amounts in the order given (letters 'a' through 'n'). 3. Foot the T accounts and show the balances. Cash Accounts Payable Debit Credit Debit Credit 2,925 X 170 240 1,050 620 x 112 380 105 325 420 1,755 670 x Bal. 1,515 765 240 X Bal