Thom Sell is preparing his balance sheet and income statement for the month ended October 31, 2018. Use the following information to help him prepare his financial statements.

Opening Balances - October 1, 2018
Cash	$9,300
Contents of Home	$1,600
Automobile	$17,700
House	$187,800
Unpaid Accounts	$11,600
Mortgage	$145,800
Net Worth	$59,000

Transactions for the month of October.

1.	Purchased new furniture worth $2,600 for home using the credit card
2.	Paid credit card bill with $4,600 cash.
3.	Paid travel bills of $1,000 for the month of April using a credit card.
4.	Purchased gas for $3,700 using cash.
5.	Made a principal payment of $900 on the mortgage.
6.	Paid October's rent of $1,400 with cash.
7.	Deposited $6,700 salaries earned during the month.

Do not enter dollar signs or commas in the input boxes. Use the negative sign for a deficit. The T-Account fields are labeled by transaction number. Record each transaction by entering the value into the corresponding T-Account field.

Required

a) Using the information provided, record the opening balances in the T-accounts. b) Record the transactions for the month of October in the T-accounts.

Personal Balance Sheet
As at October 31, 2018
Assets (what we OWN)			Liabilities (what we OWE)
Increase	Decrease		Decrease	Increase
Cash			Unpaid Accounts
Opening: $Answer				Opening: $ Answer
Transaction # 1 Answer	Answer		Transaction # 1 Answer	Answer
Transaction # 2 Answer	Answer		Transaction # 2 Answer	Answer
Transaction # 3 Answer	Answer		Transaction # 3 Answer	Answer
Transaction # 4 Answer	Answer		Transaction # 4 Answer	Answer
Transaction # 5 Answer	Answer		Transaction # 5 Answer	Answer
Transaction # 6 Answer	Answer		Transaction # 6 Answer	Answer
Transaction # 7 Answer	Answer		Transaction # 7 Answer	Answer
Ending: $ Answer				Ending: $ Answer
Increase	Decrease		Decrease	Increase
Contents of Home			Mortgage
Opening: $Answer				Opening: $ Answer
Transaction # 1 Answer	Answer		Transaction # 1 Answer	Answer
Transaction # 2 Answer	Answer		Transaction # 2 Answer	Answer
Transaction # 3 Answer	Answer		Transaction # 3 Answer	Answer
Transaction # 4 Answer	Answer		Transaction # 4 Answer	Answer
Transaction # 5 Answer	Answer		Transaction # 5 Answer	Answer
Transaction # 6 Answer	Answer		Transaction # 6 Answer	Answer
Transaction # 7 Answer	Answer		Transaction # 7 Answer	Answer
Ending: $ Answer				Ending: $ Answer
Increase	Decrease
Automobile
Opening: $Answer
Transaction # 1 Answer	Answer
Transaction # 2 Answer	Answer
Transaction # 3 Answer	Answer
Transaction # 4 Answer	Answer
Transaction # 5 Answer	Answer
Transaction # 6 Answer	Answer
Transaction # 7 Answer	Answer
Ending: $ Answer
Increase	Decrease		Decrease	Increase
House			Net Worth
Opening: $Answer				Opening: $ Answer
Transaction # 1 Answer	Answer		Transaction # 1 Answer	Answer
Transaction # 2 Answer	Answer		Transaction # 2 Answer	Answer
Transaction # 3 Answer	Answer		Transaction # 3 Answer	Answer
Transaction # 4 Answer	Answer		Transaction # 4 Answer	Answer
Transaction # 5 Answer	Answer		Transaction # 5 Answer	Answer
Transaction # 6 Answer	Answer		Transaction # 6 Answer	Answer
Transaction # 7 Answer	Answer		Transaction # 7 Answer	Answer
Ending: $ Answer				Ending: $ Answer

Total Assets	$ Answer
Total Liabilities	$ Answer
Net Worth	$ Answer