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The following occurred during June at Brown Financial Planning. Post the following transactions Into the appropriate T accounts. Transactions: 1. Purchased office supplies for
The following occurred during June at Brown Financial Planning. Post the following transactions Into the appropriate T accounts. Transactions: 1. Purchased office supplies for $12,000 In cash. 2. Delivered monthly statements; collected fee income of $65,700. 3. Pald the current month's office rent of $9,500. 4. Completed professional financial planning; billed client for $16,000. 5. Client paid fee of $4,000 for weekly counseling, previously billed. 6. Pald office salaries of $18,400 7. Pald telephone bill of $1,080 8. Billed client for $12,000 fee for preparing a comprehensive financial plan. 9. Purchased office supplies of $4,400 on account 10. Pald office salaries of $18,400. 11. Collected $12,000 from client who was billed. 12. Clients paid a total of $36,400 cash in fees. Analyze: How much cash did the business spend during the month? Complete this question by entering your answers in the tabs below.
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