Question

Chapter 3 Homework The following occurred during June Young's Professional Counseling Post the following transactions to the appropriate T accounts Select the Debt account first, then the Credit ) Transaction 1. Purchased office supplies for S1600 in cash Transaction 2. Delivered monthly statements, collected fee income of $28.000 < Prev 405 Next > 09 e E Type here to search

Answer 1

Transactions
1)	Cash			Office Supplies
		$ 1,600.00		$ 1,600.00
2)	Cash			Fee Income
	$ 28,000.00				$ 28,000.00
3)	Cash			Office Rent
		$ 3,600.00		$ 3,600.00
4)	Accounts Receivable			Service Revenue
	$   4,400.00				$   4,400.00
5)	No transaction available
6)	Cash			Office Salary
		$ 3,200.00		$ 3,200.00
7)	Cash			Telephone Expense
		$    440.00		$    440.00
8)	Accounts Receivable			Service Revenue
	$   3,400.00				$   3,400.00
9)	Accounts Payable			Office Supplies
		$    960.00		$    960.00
10)	Cash			Office Salary
		$ 3,200.00		$ 3,200.00
11)	Cash			Accounts Receivable
	$   3,400.00				$   3,400.00
12)	Cash			Service Revenue
	$   9,500.00				$   9,500.00

Total Cash Spent =

$ 12,040.00

Is this correct?