Question: Could you help me to answer this T account problem. ame: 24. Taylor Baratian established Taylor's Dress Emporium for alterations and tailoring, Taylor used the

Could you help me to answer this T account problem.

Could you help me to answer this T accountCould you help me to answer this T account
ame: 24. Taylor Baratian established Taylor's Dress Emporium for alterations and tailoring, Taylor used the following Int of accounts for recording and reporting business transactions. 101 Cash in Bank 120 Sewing Equipment 305 Taylor Baratian. 1 10 Accounts Receivable, Withdrawals Marie Fischetti 205 Accounts Payable, Sam 405 Repair Fees 115 Sewing Supplies Givens Supplies 301 Taylor Baratian, Capital 505 Rent Expense (1) Prepare a T account for each account used by Taylor's Dress Emporium. (2) Analyze each transaction and record the transaction in the appropriate T accounts. (3) After recording all the transactions, compute the balance of each account, Indicate the normal balance by writing "Bal." on the normal balance side of the account. (4) On a separate sheet of paper, create a trial balance to test if debits equal credits. Transactions: Taylor Baratian invested $15,000 cash in the business. 1 . Paid $750 rent for the month, Check 101. 2. Purchased sewing equipment for $1,750, Check 102. 3. Purchased sewing supplies, $250, on account from Givens Supplies. 4. Received $189 for creating dresses. 5 . Completed a large wedding dress job and received $1, 149 for services. 6. Taylor Baratian withdrew $200 for personal use, Check 104. 7. Did tailoring work on account for Marie Fischetti for $256. 8. Paid $150 on account owed to Givens Supplies, Check 103 9. fees = revenueAccount Name Debit 1 1 11 Totals

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