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The following information pertains to Keith's personal financial transactions. Opening Balances - December 1, 2022 Cash $12,000 Contents of Home $600 Automobile $18,700 House
The following information pertains to Keith's personal financial transactions. Opening Balances - December 1, 2022 Cash $12,000 Contents of Home $600 Automobile $18,700 House $160,700 Unpaid Accounts $5,800 Bank Loan $71,500 Net Worth $114,700 Transactions for the month of December 2022, are as follows. 1. Paid for telephone and electricity for August with $1,000 cash. 2. Purchased $2,100 of groceries and goods for personal consumption with cash. 3. Deposited $4,800 salary earned during the month. After recording the transactions in the related T-accounts, how much would be recorded for the total revenue and total expenses for the month, respectively? What would the total assets be at the end of the month? English (en)
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