Question

The accountant for the sen owned by Randy Gnery Deoares trwow saenes nr end of each mon, Tht folowng & Guttery invested $143000in cash to start the bse Paid $1080 for Paid $530 0a

Answer 1

Cash					Account receivables
Randy Guttery, Capital	$ 1,43,000	$   4,300	Rent Expense		Fees Income	$ 14,700	$       7,350	Cash
Fees Income	$       8,900	$ 15,020	Office furniture		Cash	$ 16,700	$       6,300	Cash
Accounts receivables	$       7,350	$   1,080	Telephone expense		Bal	$ 17,750
Fees Income	$     15,200	$ 11,300	Office equipment
Accounts receivables	$       6,300	$   2,300	Miscellaneous Expense
		$ 11,500	Office equipment
		$   7,700	Salaries Expense
		$   2,050	Accounts payable
		$       530	Miscellaneous Expense
		$   1,050	Utilities Expense
		$   7,300	Randy Guttery, Drawing
Office equipment					Office furniture
Cash	$     11,300				Cash	$ 15,020
Accounts payable	$     23,300				Accounts payable	$   4,100
Cash	$     11,500				Bal	$ 19,120
Accounts payable	$     11,500
Bal	$     57,600
Accounts payable					Randy Guttery, Capital
Cash	$       2,050	$ 23,300	Office equipment				$ 1,43,000	Cash
		$ 11,500	Office equipment
		$   4,100	Office furniture		Bal		$ 1,43,000
Bal		$ 36,850
Randy Guttery, Drawing					Fees Income
Cash	$       7,300						$       8,900	Cash
							$     14,700	Accounts receivables
Bal	$       7,300						$     15,200	Cash
							$     16,700	Accounts receivables
					Bal		$     55,500
Rent Expense					Utilities Expense
Cash	$       4,300				Cash	$   1,050
Bal	$       4,300				Bal	$   1,050
Salaries Expense					Telephone Expense
Cash	$       7,700				Cash	$   1,080
Bal	$       7,700				Bal	$   1,080
Miscellaneous Expense					Liabilities
Cash	$       2,300				Accounts payable	$ 36,850
Cash	$           530
Bal	$       2,830