Question

The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below.

Cash	19,550		Fees Income	-0-
Accounts Receivable	830		Rent Expense	-0-
Office Equipment	2,300		Utilities Expense	-0-
Supplies	230		Salaries Expense	-0-
Accounts Payable	1,300
Kelly Connor, Capital	21,610
Kelly Connor, Drawing	-0-

The following transactions occurred during the month of November.

1. Collected $330 from credit customers.
2. Issued a check for $740 for November's rent.
3. Paid $1,650 for salaries.
4. The owner withdrew $540 in cash for personal expenses.
5. Issued a check for $240 to pay the monthly utility bill.
6. Received $2,715 in cash for services performed.
7. Purchased office equipment for $1,330 on credit.

Post the above transactions into the appropriate T accounts.

Cash

Accounts recievable

supplies

accounts payable

office equipment

Kelly Conner Capital

Kelly Conner Drawing

rent expenses

fees income

rent expense

utilities expense

salaries expense

Answer 1

T-Accounts:

Cash
Open. Bal.	$19,550	(b)	$740
(a)	$330	(c )	$1,650
(f)	$2,715	(d)	$540
		(e )	$240
		End. Bal.	$19,425
	$22,595		$22,595
Accounts Receivable
Open. Bal.	$830	(a)	$330
		End. Bal.	$500
	$830		$830
Rent Expense
(b) Cash	$740	End. Bal.	$740
Salaries Expense
(c )	$1,650	End. Bal.	$1,650
Kelly Conner Drawing
(d)	$540	End. Bal.	$540
Utilities Expense
(e )	$240	End. Bal.	$240
Service Revenue
End. Bal.	$2,715	(f)	$2,715
Office Equipment
(g)	$1,330	End. Bal.	$1,330
Accounts Payable
End. Bal.	$1,330	(g)	$1,330