The following accounts and transactions are for Vin Nguyen, Landscape Consultant.

Transactions:

Nguyen invested $$156,000$ in cash to start the business.

Paid $$5,600$ for the current month$$s rent.

Bought furniture for $$16,320$ in cash.

Performed services for $$7,800$ in cash.

Paid $$1,210$ for the monthly telephone bill.

Performed services for $$13,600$ on credit.

Purchased equipment, a computer and copier, for $$37,200$; paid $$12,600$ in cash immediately with the balance due in $30$ days.

Received $$6,800$ from credit clients.

Paid $$3,600$ in cash for office cleaning services for the month $($debit miscellaneous expense$).$

Purchased furniture, office chairs, for $$5,400$; received credit terms of $30$ days.

Purchased equipment for $$36,000$ and paid half of this amount in cash immediately; the balance is due in $30$ days.

Issued a check for $$9,000$ to pay salaries.

Performed services for $$14,100$ in cash.

Performed services for $$15,600$ on credit.

Collected $$7,600$ on accounts receivable from charge customers.

Issued a check for $$2,700$ in partial payment of the amount owed for office chairs.

Paid $$660$ to a duplicating company for photocopy work performed during the month $($debit miscellaneous expense$).$

Paid $$1,180$ for the monthly electric bill.

Nguyen withdrew $$8,600$ 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?