The accountant for the firm owned by Randy Guttery prepares financial statements at the end of each month. The following transactions for Randy Guttery, Landscape Consultant took place during the month ended June 30, 2019. The following transactions are for Randy Guttery, Landscape Consultant. Transactions:

1. Guttery invested $151,000 in cash to start the business.
2. Paid $5,100 for the current months rent.
3. Bought office furniture for $15,820 in cash.
4. Performed services for $7,300 in cash.
5. Paid $1,160 for the monthly telephone bill.
6. Performed services for $13,100 on credit.
7. Purchased a computer and copier for $36,200; paid $12,100 in cash immediately with the balance due in 30 days.
8. Received $6,550 from credit clients.
9. Paid $3,100 in cash for office cleaning services for the month.
10. Purchased additional office chairs for $4,900; received credit terms of 30 days.
11. Purchased office equipment for $31,000 and paid half of this amount in cash immediately; the balance is due in 30 days.
12. Issued a check for $8,500 to pay salaries.
13. Performed services for $13,600 in cash.
14. Performed services for $15,100 on credit.
15. Collected $7,100 on accounts receivable from charge customers.
16. Issued a check for $2,450 in partial payment of the amount owed for office chairs.
17. Paid $610 to a duplicating company for photocopy work performed during the month.
18. Paid $1,130 for the monthly electric bill.
19. Guttery withdrew $8,100 in cash for personal expenses.

Post the above transactions into the appropriate T accounts. Analyze: What liabilities does the business have after all transactions have been recorded?

T accounts normally do not have any minus signs. Use minus signs in this problem to demonstrate your understanding of decreases to account balances.

Post the above transactions into the appropriate T accounts. (Deductions to account balances should be indicated by a minus sign.)

Cash					Accounts Receivable
					Bal.
Bal.
Office Equipment					Office Furniture
Bal.					Bal.
Accounts Payable					Randy Guttery, Capital
					Bal.
Bal.
Randy Guttery, Drawing					Fees Income
Bal.
					Bal.
Rent Expense					Utilities Expense
Bal.					Bal.
Salaries Expense					Telephone Expense
Bal.					Bal.
Miscellaneous Expense
Bal.