Question

please use the same format! i am having trouble with matching each transaction appropriately. i dont even understand how t accounts work it confuses me more.

Re Required information C4-6 Recording/Posting Transactions and Adjustments, and Preparing Trial Balances and Financial Statements-Requires Calculating Depreciation and Interest (Chapters 2, 3, and 4) [LO 2-3, LO 3-3, LO 4. 2, LO 4.4) Fast Deliveries, Inc. (FDI), was organized in December last year and had limited activity last year. The resulting balance sheet at the beginning of the current year is provided below: Assets: Cash Accounts Receivable Supplies FAST DELIVERIES, INC. Balance Sheet at January 1 Liabilities: Accounts Payable Stockholders' Equity: Common Stock Retained Earnings Total Liabilities and Stockholders' Equity $ $12,600 600 720 700 11,900 1,320 $13,920 Total Assets $13,920 Two employees have been hired, at a monthly salary of $2,960 each. The following transactions occurred during January of the current year

Answer 1

с T-Accounts Cash Debit Credit Beg $ 12,600 $ 6,000 1-Jan 3-Jan $ 30,000 $ 4,800 2-Jan 5-Jan $ 4,000 $ 28,800 4-Jan 7-Jan $ 600 $ 300 8-Jan 10-Jan $ 7,400 $ 2,960 16-Jan 20-Jan $ 3,700 25-Jan $ 3,500 End $ 18,940 Deferred Revenue Debit Credit $ 2,220 $ - Beg $ 3,700 20-Jan $ 1,480 End - Utilities Expense Debit Credit $ $ 1,100 $ 1,100 Beg a End Debit Note Payable Credit $ - Beg $ 30,000 3-Jan - $ 30,000 End Beg b End Supplies Expense Debit Credit $ $ 1,840 $ 1,840 Accounts receivable Debit Credit Beg $ 600 $ 600 9-Jan $ 10,600 $ 3,500 End $ 7,100 7-Jan 25-Jan Interest Payable Debit Credit $ Beg $ 125 d $ 125 End Interest Expense Debit Credit $ $ $ 125 $ 125 Beg d End - Beg Supplies Debit Credit $ 720 $ 1,840 b 6-Jan $ 1,400 $ 280 Salaries and wages payable Debit Credit $ . Beg $ 2,960 f $ 2,960 End Beg Depreciation Expense Debit Credit $ $ 600 $ 600 End e End Beg Prepaid Insurance Debit Credit $ $ 1-Jan $ 6,000 $ 5,500 - 500 g Common Stock Debit Credit $ 11,900 Beg $ 4,000 5-Jan $ 15,900 End Rent Expense Debit Credit $ $ 400 $ 400 Beg g End End

Beg Prepaid Rent Debit Credit $ $ 400 g 2-Jan $ 4,800 $ 4,400 Retained Earning Debit Credit $ 1,320 Beg Insurance Expense Debit Credit $ $ 500 $ 500 Beg g End End $ 1,320 End Credit Beg Equipment Debit $ 4-Jan $ 28,800 $ 28,800 - End Service Revenue Debit Credit $ Beg $ 2,220 C $ 10,600 9-Jan $ 7,400 10-Jan $ 20,220 Ending Accumulated Dep Debit Credit $ $ $ Beg 600 e 600 End - Salaries and wages expense Debit Credit Beg $ f $ 2,960 16-Jan $ 2,960 End $ 5,920 Accounts Payable Debit Credit 8-Jan $ 300 $ 700 Beg $ 1,100 a $ 1,400 6-Jan $ 2,900 Ending

Adjusted Credit Account Debit $ $ $ 18,940 7,100 5,500 4,400 280 28,800 $ $ $ Cash Accounts Receivable Prepaid Insurance Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Deferred Revenue Note Payable Common Stock Retained Earning Service Revenue Salaries Expense Supplies Expense Utilities Expense Interest Expense Depreciation Expense Rent Expense Insurance Expense $ $ $ $ $ $ $ $ $ 600 2,900 2,960 125 1,480 30,000 15,900 1,320 20,220 $ $ S $ $ $ $ 5,920 1,840 1,100 125 600 400 500 Total $ 75,505 $ 75,505