Question

Can someone please make a T account out of this for me???

1. invested $148,000 in cash to start the business.

2. Paid $4,800 for the current month’s rent.

3. Bought office furniture for $15,520 in cash.

4. Performed services for $8,400 in cash.

5. Paid $1,130 for the monthly telephone bill.

6. Performed services for $14,200 on credit.

7. Purchased a computer and copier for $35,600; paid $11,800 in cash immediately with the balance due in 30 days.

8. Received $7,100 from credit clients.

9. Paid $2,800 in cash for office cleaning services for the month.

10. Purchased additional office chairs for $4,600; received credit terms of 30 days.

11. Purchased office equipment for $28,000 and paid half of this amount in cash immediately; the balance is due in 30 days.

12. Issued a check for $8,200 to pay salaries.

13. Performed services for $14,700 in cash.

14. Performed services for $16,200 on credit.

15. Collected $6,800 on accounts receivable from charge customers.

16. Issued a check for $2,300 in partial payment of the amount owed for office chairs.

17. Paid $580 to a duplicating company for photocopy work performed during the month.

18. Paid $1,100 for the monthly electric bill.

19. Guttery withdrew $7,800 in cash for personal expenses.

Answer 1