a. Delores Trevino opened an accounting firm by investing $7,200 cash and office furniture value at $5,400
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Question:
a. Delores Trevino opened an accounting firm by investing $7,200 cash and office furniture value at $5,400
b.Paid monthly rent of $1,500
c.Purchase office supplies on account $800
d. Paid employee salary $1,800
e. Paid $400 of the account payable created in transaction (c)
f. Performed accounting service on account $1,700
g. Withdraw $2,000 for personal use
Required
1. Open the following T-accounts: Cash, account receivable, office supplies, office furniture, account payable, Delores Trevino capital, Delores Trevino withdrawals, service revenue, salary exp., rent expenses. Record the above T-account directly without using a journal. Use the later to identify the transaction.
2.Prepared trial balnce of Delores Trevino CPA at May 31, 19X7
Expert Answer:
Step 1 1 Cash Ac Particular Amt Particular Amt To Delores Trevino Capital Ac 7200 By Rent 1500 By Sa... View the full answer
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