The following occurred during June at Brown Financial Planning.

INSTRUCTIONS
Analyze each transaction. Use T accounts to record these transactions and be sure to put the name of the account on the top of each account. Record the effects of the transaction in the T accounts.

TRANSACTIONS
1. Purchased office supplies for $12,000 in cash.
2. Delivered monthly statements; collected fee income of $65,700.
3. Paid the current month’s office rent of $9,500.
4. Completed professional financial planning; billed client for $16,000.
5. Client paid fee of $4,000 for weekly counseling, previously billed.
6. Paid office salaries of $18,400.
7. Paid telephone bill of $1,080.
8. Billed client for $12,000 fee for preparing a comprehensive financial plan.
9. Purchased office supplies of $4,400 on account.
10. Paid office salaries of $18,400.
11. Collected $12,000 from client who was billed.
12. Clients paid a total of $36,400 cash for fees.

Analyze: 

How much cash did the business spend during the month?