create a T-account for the Sanchez Service Company using the information provided. 

1. Fred Sanchez started a business by investing $15,000. 2. Bought $600 worth of equipment and $150 worth of office supplies on credit. (Hint: this is a compound entry.) 3. Received $500 in cash for completed work. 4. Paid $40 for the phone bill. 5. Completed $200 of work and sent a bill to the customer. 6. Fred Sanchez took $10 out of the company's cash register to buy his lunch. 7. Bought $30 worth of office supplies for cash. 8. Paid $300 cash of what is owed on the equipment bought in transaction 2. 9. Received $200 from the customer who owed for the work done in transaction 5. 10. Received $100 from a customer and agreed to do the work next month.

Answer rating: 100% (QA)

Answer Here is the Taccount for the Sanchez Service Compa... View the full answer