Question

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The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below. Cash 19,400 Fees Income -0- Accounts Receivable 800 Rent Expense -0- Office Equipment 2,000 Utilities Expense -0- Supplies 200 Salaries Expense -0- Accounts Payable 1,000 Kelly Connor, Capital 21,400 Kelly Connor, Drawing -0-

The following transactions occurred during the month of November.

A. Collected $300 from credit customers.

B. Issued a check for $710 for November's rent.

C.Paid $1,700 for salaries.

D.The owner withdrew $510 in cash for personal expenses.

E.Issued a check for $210 to pay the monthly utility bill.

F.Received $2,700 in cash for services performed.

G.Purchased office equipment for $1,300 on credit.

Post transactions into appropriate T accounts

Answer 1

Accounts Receivable $800 $300A) Beg. Bal. B) Beg. Bal. Cash $19,400 $710 $300 $1,700 $2,700 $510 $210 $19,270 Office Equipment $2,000 $1,300 Beg. Bal. G D) End. Bal. End. Bal. $500 End. Bal. $3,300 Supplies $200 Kelly Connor, Capital $21,400 Beg. Bal. Beg. Bal. Accounts Payable $1,000 $1,300 $2,300 Beg. Bal. G) End. Bal. End. Bal. $200 $21,400 End. Bal. Kelly Connor, Drawing Rent Expense $0 Beg. Bal. $0 Beg. Bal. D) End. Bal. Fees Income $0 $2,700 $2,700 Beg. Bal. F) End. Bal. $510 $510 B) $710 $710 End. Bal. Utilities Expense Salaries Expense Beg. Bal. $0 SO E) $210 $210 Beg. Bal. C) End. Bal. $1,700 $1,700 End. Bal.