Question

How do you post the following transactions to T accounts ?

Transactions to Record for the month of March

1-Mar	Issued 1,000 shares of F&F common stock for $30,000. The common stock has a $10 par value.
1-Mar	Paid $4,500 for rent for the Months of March and April
1-Mar	Hired two employees. Each employee will be paid $20 per hour. Employees will start on March 8th.
1-Mar	Borrowed $10,000 cash on a 3-year, 6% Note Payable, Interest is paid quarterly with the first payment due on June 1. Assume all months have 30 days.   See Account Titles
1-Mar	Purchased with cash four identical computers for $1,500 each. 4 desks with chairs for $800 each, 4 filing cabinets for $300 each and a $700 printer.
3-Mar	Purchased $2,500 of supplies on account.
5-Mar	Paid $250 for phone and internet service for the month of March.
6-Mar	Obtained Insurance coverage for $3,600 for a six-month period from March 1st to August 31st. Paid the premium in Cash.
10-Mar	Placed ads in the local papers. Each ad costs $80 per week and will run for the 3 weeks left in March and 4 weeks into April. (Total of 7 weeks.) The ads were placed on account.
15-Mar	Billed customers $4,500. $2,000 was for accounting services and the remainder for tax work.
16-Mar	Paid employees $1,200 for their services for the first week.
17-Mar	Several customers paid in advance for the firm to prepare their tax returns.   F&F received a check for $2,700.
20-Mar	Paid $800 toward the cost of supplies. See March 3rd transaction
22-Mar	Received Check for $2,400 from customers for the services billed on March 15.
23-Mar	Paid employees $1,750 for services from March 15 to March 22
25-Mar	Determined that a more powerful computer was need. One of the $1,500 computers was sold for $1,200 and a new computer costing $2,800 was purchased for cash. Ignore any depreciation on the computer sold.
28-Mar	F&F was informed that a customer who was billed $150 on March 15th had declared bankruptcy. Using the allowance method, write off this account.
29-Mar	Repurchased 200 shares of F&F common stock at $25 per share. These shares will be held in the treasury and will not receive cash dividends.
31-Mar	Paid employees $1,900 for services from March 23 to March 30
31-Mar	Billed Customers $7,900. $3,000 was for accounting services and the remainder for tax work.
31-Mar	Declared and Paid a cash dividend of $1.00 per share. (Treasury Stock does not receive this dividend.)

Answer 1

Cash
1-March	30,000	1-March	4,500
1-March	10,000	1-March	11,100
17-March	2,700	5 - March	250
22-March	2,400	6-March	3,600
25-March	1,200	16-March	1,200
		20-March	800
		23-March	1,750
		25-March	2,800
		29-March	5,000
		31-March	1,900
		31-March	800
End. bal.	12,600
Accounts Receivable
15-March	4,500	22-March	2,400
31-March	7,900	28-March	150
End. bal.	9,850
Supplies
3-March	2,500
End. bal.	2,500
Prepaid Insurance
6-March	3,600
End. bal	3,600
Office Equipment
1-March	11,100	25-March	1,500
25-March	2,800
End. bal.	12,400
Accounts Payable
20-March	800	3-March	2,500
		10-March	560
		End. bal.	2,260
Unearned Revenue
		17-March	2,700
		End. bal.	2,700
Interest Payable
		31-March	50
		End. bal.	50
Notes Payable
		1-March	10,000
		End. bal.	10,000
Common Stock
		1-March	30,000
		End. bal.	30,000
Dividends
31-March	800
	800
Treasury Stock
29-March	5,000
	5,000
Retained Earnings
Accounting Service Revenue
		15-March	2,000
		31-March	3,000
			5,000
Tax Service Revenue
		15-March	2,500
		31-March	4,900
			7,400
Salaries and Wages Expense
16-March	1,200
23-March	1,750
31-March	1,900
	4,850
Advertising Expense
31-March	240
	240
Phone and Internet Expense
5-March	250
	250