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what am i missing in this? the firm owned by Randy Guttery prepares financial statements at the end of each month. The following transactions for
what am i missing in this?
the firm owned by Randy Guttery prepares financial statements at the end of each month. The following transactions for Randy Guttery, Landscape Consultant took place during the month ended June 30, 2019. The following transactions are for Randy Guttery, Landscape Consultant. ok Transactions: a. Guttery invested $141,000 in cash to start the business. b. Paid $4,100 for the current month's rent. C. Bought office furniture for $14,820 in cash. d. Performed services for $9,100 in cash. e. Paid $1,060 for the monthly telephone bill. f. Performed services for $14,900 on credit g. Purchased a computer and copier for $34,200; paid $11,100 in cash immediately with the balance due in 30 days. h. Received $7,450 from credit clients. i. Paid $2,100 in cash for office cleaning services for the month. j. Purchased additional office chairs for $3,900; received credit terms of 30 days. k. Purchased office equipment for $21,000 and paid half of this amount in cash immediately, the balance is due in 30 days. I. Issued a check for $7,500 to pay salaries. at . nces m. Performed services for $15,400 in cash. n. Performed services for $16,900 on credit. o. Collected $6,100 on accounts receivable from charge customers. p. Issued a check for $1,950 in partial payment of the amount owed for office chairs. q. Paid $510 to a duplicating company for photocopy work performed during the month. r. Paid $1,030 for the monthly electric bill. s. Guttery withdrew $7100 in cash for personal expenses. Post the above transactions into the appropriate T accounts. ((a) (d) (h) (m) Cash 141,000 9,100 7.450 15,400 6,100 Accounts Receivable 14.900 7,450 on) 16,900 6,100 (10) (n) 510 (9) Bal. 18.250 1,950(p) 7,100 () 4,100 (b) 14,820 (c) 11,100 (9) 2,1000 10,500 (k) 7,5000) Bal. 119,370 Office Equipment 34,200 21,000 (9) (k) Office Furniture 14,820 3,900 (c) 10) Bal 18.720 Bal. 55,200 Randy Guttery, Capital 141.000) Accounts Payable 23,100 (9) 1.950 3,900 10.500 (K) 141.000 Bal (p) 35,550 Fees Income Bal. (s) Randy Guttery, Drawing 7,100 Fees Income Bal. 14.900( 16,900 (n) 7,100 Bal. 31,800 Utilities Expense Rent Expense 4,100 (0) 1,030 Bal. 4,100 Bal. 1.030 Telephone Expense Salaries Expense 7.500 (0) 1,060 (6) 1,080 Bal. 7,500 Bal. Miscellaneous Expense 2,100 510 (9) 2,610 Analyze > Bal. Transactions Step by Step Solution
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