Record the transactions below for Amena Company by recording the debit and credit entries directly in the following
T-accounts: Cash; Accounts Receivable; Office Supplies; Office Equipment; Accounts Payable; S. Amena, Capital;
S. Amena, Withdrawals; Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries. Determine the ending balance of each T-account.
a. Sergey Amena, owner, invested $14,000 cash in the company.
b. The company purchased office supplies for $406 cash.
c. The company purchased $7,742 of office equipment on credit.
d. The company received $1,652 cash as fees for services provided to a customer.
e. The company paid $7,742 cash to settle the payable for the office equipment purchased in transaction c.
f. The company billed a customer $2,968 as fees for services provided.
g. The company paid $510 cash for the monthly rent.
h. The company collected $1,246 cash as partial payment for the account receivable created in transaction f.
i. S. Amena withdrew $1,200 cash from the company for personal use.
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