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The following information pertains to Christopher Gopher's personal financial transactions. Opening Balances - January 1, 2019 Cash $12,600 Contents of Home $1,000 Automobile $21,700 House
The following information pertains to Christopher Gopher's personal financial transactions. Opening Balances - January 1, 2019 Cash $12,600 Contents of Home $1,000 Automobile $21,700 House $152,700 Unpaid Accounts $5,300 Bank Loan $48,400 Transactions for the month of January 2019. 1. Paid maintenance for the month of January with $300 cash. 2. Purchased new jewelry worth $1,300 with cash. 3. Paid credit card liability of $4,640. 4. Paid for travel for January with $600 cash. 5. Purchased $2,400 of groceries and goods for personal consumption with cash. 6. Deposited $3,000 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 January in the T-accounts. Personal Balance Sheet As at January 31, 2019
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