Abe Shultz owns Kits & Pups Grooming and uses the following accounts:

For each transaction:

1. In your working papers, prepare a T account for each account listed.

2. Using the appropriate T accounts, analyze and record each of the following business transactions. Identify each transaction by number.

3. After recording all transactions, write the word Balance on the normal balance side of each T account. Then compute and record the balance for each account.

Transcribed Image Text:

General Ledger 101 Cash in Bank 115 Accounts Receivable- Martha Giles 125 Office Equipment 130 Office Furniture 140 Grooming Equipment 205 Accounts Payable- Dogs & Cats Inc. 301 Abe Shultz, Capital