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The following information pertains to Alan Marshall's personal financial transactions. Opening Balances July 1, 2019 Cash $13,700 Contents of Home $900 Automobile $27,200 House $165,500
The following information pertains to Alan Marshall's personal financial transactions. Opening Balances July 1, 2019 Cash $13,700 Contents of Home $900 Automobile $27,200 House $165,500 Unpaid Accounts $5,700 Bank Loan $79,100 Transactions for the month of July 2019. 1. Paid maintenance for the month of July with $1,200 cash. 2. Purchased a new computer worth $1,700 with cash. 3. Paid credit card liability of $4,850. 4. Paid for telephone and electricity for July with $500 cash. 5. Purchased $2,400 of groceries and goods for personal consumption with cash. 6. Deposited $3,400 salary earned during the month. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a deficit. The T-Account fields are labeled by transaction number. Record each transaction by entering the value into the corresponding T- Account field. Required a) Using the information provided, record the opening balances in the T-accounts. b) Record the transactions for the month of July in the T-accounts
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