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The following information pertains to Ken White's personal financial transactions. Opening Balances -May 1.2016 $11,200 $800 $17,900 $168,800 Unpaid Accounts $5,900 $50,500 Cash Contents of
The following information pertains to Ken White's personal financial transactions. Opening Balances -May 1.2016 $11,200 $800 $17,900 $168,800 Unpaid Accounts $5,900 $50,500 Cash Contents of Home Automobile House Bank Loan Transactions for the month of May 2016 1. Paid miscellaneous expenses for the month of May with $1,100 cash 2 Purchased a new computer worth $2,800 with cash. 3. Paid credit card liability of $5,900 (Unpaid Accounts) in full. 4 Paid travel expenses for May with $1,000 cash 5 Purchased $2,100 of groceries and goods for personal consumption with cash 6. Deposited $3,000 salary earned during the month Use the negative sign for a deficit Required a) Using the information provided, record the opening balances in the T-accounts b) Record the transactions for the month of May in the T-accounts
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