Question
The following transactions occured during the month of February for Davis repair services: February 1, Davis deposited $15,000 in a bank account. February 2, paid
The following transactions occured during the month of February for Davis repair services: February 1, Davis deposited $15,000 in a bank account. February 2, paid the rent for the current month $630. February 3, bought office desk $930. February 5, bought office equipment $4,300, paying $2,500 in cash and placing the balance on account. February 7 bought an electric sign on account $1,200. February 10, Davis invested her personal computer software worth $900 in the business. February 15 received a bill for newspaper advertising $126. February 17 sold services for cash $755. February 18, received and paid electric bill $158. February 20, paid on account to business news, a creditor $126. February 22, sold services $1,035. February 24, paid wages for an employee $742. February 25, received and paid the bill for the city business licence $35. February 27, Davis withdrew cash for personal use $550. February 29 , bought printer paper and stationery on account $86. Required; record each of the above transactions into T account. Prepare the trial balance for Davis repair services at the end of February.
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