The following occurred during June at Robinson Financial Planning and Wealth Management.

Post the following transactions into the appropriate $T$ accounts.

Transactions:

Purchased supplies for $$24,000$ in cash.

Delivered monthly statements; collected fee income of $$131,400.$

Paid the current month's office rent of $$19,000.$

Completed professional financial planning; billed client for $$32,000.$

Client paid fee of $$8,000$ for weekly counseling, previously billed.

Paid office salaries of $$36,800.$

Paid telephone bill of $$2,160.$

Billed client for $$24,000$ fee for preparing a comprehensive financial plan.

Purchased supplies of $$8,800$ on account.

Paid office salaries of $$36,800.$

Collected $$24,000$ from client who was billed.

Clients paid a total of $$72,800$ cash for fees.

Analyze:

How much cash did the business spend during the month?

Complete this question by entering your answers in the tabs below.

Transactions

How much cash did the business spend during the month?

Cash spent