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The following information was taken from the personal records of Justin Knight on May 31, 2021. Opening BalancesCash$3,500Computer$2,400House$219,400Mortgage$98,100Net Worth$127,200 The following transactions occurred during the
The following information was taken from the personal records of Justin Knight on May 31, 2021.
Opening BalancesCash$3,500Computer$2,400House$219,400Mortgage$98,100Net Worth$127,200The following transactions occurred during the month of June 2021.
1) Earned monthly salary of $5,630.2) Paid $1,080 cash for travel expenses.3) Purchased an automobile worth $11,990 on account.4) Paid $830 cash for cellphone expenses.5) Paid $700 cash for hydro.
Do not enter dollar signs or commas in the input boxes.
The T-Account fields are labeled by transaction number. Record each transaction by entering the value into the corresponding T-Account field.
Required
a) Complete the Cash T-Account to determine the ending balance of cash.
Increase DecreaseCashOpening Balance
Transaction #1
Transaction #2
Transaction #3
Transaction #4
Transaction #5
Ending Balance
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