The accounts and balances for Babysitting Co. on June 1 are provided below. Cash Accounts receivable...
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The accounts and balances for Babysitting Co. on June 1 are provided below. Cash Accounts receivable Office equipment Supplies Accounts payable Kelly Connor, Capital Kelly Connor, Drawing 9,300 Fees income Rent expense 1,520 4,650 920 3,650 12,740 -0- Utilities expense Salaries expense The following transactions occurred during the month of June. a. Collected $620 from credit customers. b. Issued a check for $1,450 for November's rent. c. Paid $2,750 for salaries. d. The owner withdrew $420 in cash for personal expenses. e. Issued a check for $850 to pay the monthly utility bill. 1. Received $4,200 in cash for services performed. g. Purchased office equipment for $1,720 on credit. -0- -0- -0- -0- Post the above transactions into the appropriate T accounts. (Record the transactions in the given order.) Beg. bal. End. bal. Beg. bal. End. bal. Beg. bal. End. bal. Cash Supplies Accounts Payable Kelly Connor, Drawing Beg. bal. End, bal. Beg. bal. End. bal. Beg, bal End. bal. Accounts Receivable Office Equipment Kelly Connor, Capital Fees Income 7:44 End. bal. Beg. bal End, bal. Beg, bal. End. bal. Beg. bal. End. bal. Kelly Connor, Drawing Rent Expense Utilities Expense End. bal. Beg. bal. End. bal. Beg. bal. End. bal. Fets Income Salaries Expense The accounts and balances for Babysitting Co. on June 1 are provided below. Cash Accounts receivable Office equipment Supplies Accounts payable Kelly Connor, Capital Kelly Connor, Drawing 9,300 Fees income Rent expense 1,520 4,650 920 3,650 12,740 -0- Utilities expense Salaries expense The following transactions occurred during the month of June. a. Collected $620 from credit customers. b. Issued a check for $1,450 for November's rent. c. Paid $2,750 for salaries. d. The owner withdrew $420 in cash for personal expenses. e. Issued a check for $850 to pay the monthly utility bill. 1. Received $4,200 in cash for services performed. g. Purchased office equipment for $1,720 on credit. -0- -0- -0- -0- Post the above transactions into the appropriate T accounts. (Record the transactions in the given order.) Beg. bal. End. bal. Beg. bal. End. bal. Beg. bal. End. bal. Cash Supplies Accounts Payable Kelly Connor, Drawing Beg. bal. End, bal. Beg. bal. End. bal. Beg, bal End. bal. Accounts Receivable Office Equipment Kelly Connor, Capital Fees Income 7:44 End. bal. Beg. bal End, bal. Beg, bal. End. bal. Beg. bal. End. bal. Kelly Connor, Drawing Rent Expense Utilities Expense End. bal. Beg. bal. End. bal. Beg. bal. End. bal. Fets Income Salaries Expense
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The transactions can be posted in Taccounts as follows Cash Starting Balance 9300 Debit 620 a Credit ... View the full answer
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
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