Question

account payable in T account?

Required information

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The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below.

Cash	19,750		Fees Income	-0-
Accounts Receivable	870		Rent Expense	-0-
Office Equipment	2,700		Utilities Expense	-0-
Supplies	270		Salaries Expense	-0-
Accounts Payable	1,700
Kelly Connor, Capital	21,890
Kelly Connor, Drawing	-0-

The following transactions occurred during the month of November.

1. Collected $370 from credit customers.
2. Issued a check for $700 for November's rent.
3. Paid $1,790 for salaries.
4. The owner withdrew $580 in cash for personal expenses.
5. Issued a check for $220 to pay the monthly utility bill.
6. Received $2,735 in cash for services performed.
7. Purchased office equipment for $1,370 on credit.

Answer 1

Account Payable in T account Particular $ particulars by balancebed 1,700 To balanceeld 3,070 by office Equipment 1370 c purchase) 13,070 3,070 Journal entry of for the month of November Date particular Debit($) credet 1 1 cash 370 TO Account Receivable! 370 2 Rent 700 Expenses. TO Rank 1790 37 Salaries To cash 1790 580 4 Drawing To cash. 580 2. 20 5) Utilities Expenses To Bank 220 6) cash 2735 - To service Revenue 2735 370 7 office Equipment To Account payable 1370