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The Accounts and Balances for Paw Prints Pet Sitters on November

Question 90

Essay

The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below. The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below.   The following transactions occurred during the month of November. a.Collected $350 from credit customers b.Issued a check for $700 for rent c.Paid $1,900 for salaries d.The owner withdrew $500 in cash for personal expenses e.Issued a check for $200 to pay the monthly utility bill f.Received $2,845 in cash for services performed g.Purchased office equipment for $1,350 on credit Using the information shown,set up T accounts for all accounts.Determine the balance for each account after all transactions have been recorded. The following transactions occurred during the month of November.
a.Collected $350 from credit customers
b.Issued a check for $700 for rent
c.Paid $1,900 for salaries
d.The owner withdrew $500 in cash for personal expenses
e.Issued a check for $200 to pay the monthly utility bill
f.Received $2,845 in cash for services performed
g.Purchased office equipment for $1,350 on credit
Using the information shown,set up T accounts for all accounts.Determine the balance for each account after all transactions have been recorded.

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