Paided 2400 for one months
rent
collected 6200 in cash from customers
performed services for 8400 in cash
paided 5400 for salaries
issued a check for 4400
performed services for 11400 on credit t
purchased office equipment for 2400 on credit
the owner withdrew 4400 in cash for personal expenses
issued a check for 740 to pay the mothy utility bill.
Post transactions into the appropriate
T accounts
Homework Answers
Annswer: T-Accounts
| Cash | |||
| Beg. bal | 6,400 | 2,400 | Prepaid Rent |
| Account receivables | 6,200 | 5,400 | Salaries |
| Fees income | 8,400 | 4,400 | Account payables |
| 4,400 | Drawings | ||
| 740 | Utility expense | ||
| 3,660 | Ending bal. |
| Account Receivables | |||
| Beg. bal. | 9,400 | 6,200 | Cash |
| Fees income | 11,400 | 14,600 | Ending bal. |
| Prepaid Rent | |||
| Cash | 2,400 | 2,400 | Ending bal. |
| Office Equipment | |||
| Beg. bal. | 8,900 | ||
| Account payables | 2,400 | 11,300 | Ending Bal. |
| Account Payables | |||
| Cash | 4,400 | 8,000 | Beg. bal. |
| Ending bal. | 6,000 | 2,400 | Office equipment |
| Joan Martin Capital | |||
| Drawing | 4,400 | 16,700 | Beg. bal. |
| Ending bal. | 12,300 |
| Joan Martin Drawing | |||
| Cash | 4,400 | 4,400 | Capital |
| Fees Earned | |||
| 11,400 | Account receivables | ||
| Ending bal. | 19,800 | 8,400 | Cash |
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