1) Invested $14,300 of personal funds to start the business.2) Incurred travel expenses for $1,320, which will be paid later.3) Paid $790 cash for maintenance expenses.4) Received $5,100 cash for services provided to clients.5) Paid $1,320 for the on account purchase in transaction 2.6) Paid three months of office rent in advance, in the amount of $1,500.7) Incurred $310 of utilities expenses, which will be paid next month.8) Received $1,030 cash from a customer for services to be provided in two months.9) Provided $1,260 in services for a customer who will pay later.10) Recognized one month of office rent that was prepaid.11) Emma withdrew $910 cash for personal use.12) Purchased a second-hand car worth $6,850 for business use with cash.13) Received $940 from a customer owing for the service provided earlier this month.
Required
Prepare a T-Account worksheet.
Do not enter dollar signs or commas in the input boxes.
Use the negative sign for negative values.
The T-Account fields are labeled by transaction number. Record each transaction by entering the value into the corresponding T-Account field.
Room FindersBalance SheetAs at September 30, 2018Assets (what we OWN)Liabilities (what we OWE)IncreaseDecreaseDecreaseIncreaseCashAccounts PayableOpening: $AnswerOpening: $ AnswerTransaction # 1 Answer
AnswerTransaction # 1 AnswerAnswerTransaction # 2 AnswerAnswerTransaction # 2 AnswerAnswer
Transaction # 3 AnswerAnswer
Transaction # 3 AnswerAnswerTransaction # 4 Answer
AnswerTransaction # 4 AnswerAnswerTransaction # 5 AnswerAnswer
Transaction # 5 Answer
AnswerTransaction # 6 AnswerAnswer
Transaction # 6 AnswerAnswerTransaction # 7 AnswerAnswerTransaction # 7 AnswerAnswer
Transaction # 8 Answer
AnswerTransaction # 8 AnswerAnswerTransaction # 9 AnswerAnswerTransaction # 9 AnswerAnswerTransaction # 10 AnswerAnswerTransaction # 10 AnswerAnswerTransaction # 11 AnswerAnswer
Transaction # 11 AnswerAnswerTransaction # 12 AnswerAnswer
Transaction # 12 AnswerAnswerTransaction # 13 Answer
AnswerTransaction # 13 AnswerAnswerEnding: $ Answer
Ending: $ Answer
IncreaseDecreaseDecreaseIncreaseAccounts ReceivableUnearned RevenueOpening: $AnswerOpening: $ AnswerTransaction # 1 AnswerAnswerTransaction # 1 AnswerAnswerTransaction # 2 AnswerAnswerTransaction # 2 AnswerAnswerTransaction # 3 AnswerAnswerTransaction # 3 AnswerAnswerTransaction # 4 AnswerAnswerTransaction # 4 AnswerAnswerTransaction # 5 AnswerAnswerTransaction # 5 AnswerAnswerTransaction # 6 AnswerAnswerTransaction # 6 AnswerAnswerTransaction # 7 AnswerAnswerTransaction # 7 AnswerAnswerTransaction # 8 AnswerAnswerTransaction # 8 AnswerAnswer
Transaction # 9 Answer
AnswerTransaction # 9 AnswerAnswerTransaction # 10 AnswerAnswerTransaction # 10 AnswerAnswerTransaction # 11 AnswerAnswerTransaction # 11 AnswerAnswerTransaction # 12 AnswerAnswerTransaction # 12 AnswerAnswerTransaction # 13 AnswerAnswer
Transaction # 13 AnswerAnswerEnding: $ Answer
Ending: $ Answer
IncreaseDecreaseDecreaseIncreasePrepaid RentWalter, CapitalOpening: $AnswerOpening: $ AnswerTransaction # 1 AnswerAnswerTransaction # 1 AnswerAnswer
Transaction # 2 AnswerAnswerTransaction # 2 AnswerAnswerTransaction # 3 AnswerAnswerTransaction # 3 AnswerAnswerTransaction # 4 AnswerAnswerTransaction # 4 AnswerAnswerTransaction # 5 AnswerAnswerTransaction # 5 AnswerAnswerTransaction # 6 Answer
AnswerTransaction # 6 AnswerAnswerTransaction # 7 AnswerAnswerTransaction # 7 AnswerAnswerTransaction # 8 AnswerAnswerTransaction # 8 AnswerAnswerTransaction # 9 AnswerAnswerTransaction # 9 AnswerAnswerTransaction # 10 AnswerAnswer
Transaction # 10 AnswerAnswerTransaction # 11 AnswerAnswerTransaction # 11 AnswerAnswerTransaction # 12 AnswerAnswerTransaction # 12 AnswerAnswerTransaction # 13 AnswerAnswerTransaction # 13 AnswerAnswerEnding: $ Answer
Ending: $ Answer
IncreaseDecreaseIncreaseDecreaseAutomobileWalter, WithdrawalsOpening: $AnswerTransaction # 1 AnswerAnswerTransaction # 1 AnswerAnswerTransaction # 2 AnswerAnswerTransaction # 2 AnswerAnswerTransaction # 3 AnswerAnswerTransaction # 3 AnswerAnswerTransaction # 4 AnswerAnswerTransaction # 4 AnswerAnswerTransaction # 5 AnswerAnswerTransaction # 5 AnswerAnswerTransaction # 6 AnswerAnswerTransaction # 6 AnswerAnswerTransaction # 7 AnswerAnswerTransaction # 7 AnswerAnswerTransaction # 8 AnswerAnswerTransaction # 8 AnswerAnswerTransaction # 9 AnswerAnswerTransaction # 9 AnswerAnswerTransaction # 10 AnswerAnswerTransaction # 10 AnswerAnswerTransaction # 11 AnswerAnswerTransaction # 11 Answer
AnswerTransaction # 12 Answer
AnswerTransaction # 12 AnswerAnswerTransaction # 13 AnswerAnswerTransaction # 13 AnswerAnswerEnding: $ Answer
Ending: $ Answer
Total Assets$ Answer
Total Liabilities$ Answer
Owner's Equity$ Answer
Room FindersIncome StatementFor the Month Ended September 30, 2018REVENUEDecrease -Increase +Transaction # 1 AnswerAnswerTransaction # 2 AnswerAnswerTransaction # 3 AnswerAnswerTransaction # 4 AnswerAnswer
Transaction # 5 AnswerAnswerTransaction # 6 AnswerAnswerTransaction # 7 AnswerAnswerTransaction # 8 AnswerAnswerTransaction # 9 AnswerAnswer
Transaction # 10 AnswerAnswerTransaction # 11 AnswerAnswerTransaction # 12 AnswerAnswerTransaction # 13 AnswerAnswerEnding: $ Answer
minusExpensesIncreaseDecreaseIncreaseDecreaseMaintenanceRentTransaction # 1 AnswerAnswerTransaction # 1 AnswerAnswerTransaction # 2 AnswerAnswerTransaction # 2 AnswerAnswerTransaction # 3 Answer
AnswerTransaction # 3 AnswerAnswerTransaction # 4 AnswerAnswerTransaction # 4 AnswerAnswerTransaction # 5 AnswerAnswerTransaction # 5 AnswerAnswerTransaction # 6 AnswerAnswerTransaction # 6 AnswerAnswerTransaction # 7 AnswerAnswerTransaction # 7 AnswerAnswerTransaction # 8 AnswerAnswerTransaction # 8 AnswerAnswerTransaction # 9 AnswerAnswerTransaction # 9 AnswerAnswerTransaction # 10 AnswerAnswerTransaction # 10 Answer
AnswerTransaction # 11 AnswerAnswerTransaction # 11 AnswerAnswerTransaction # 12 AnswerAnswerTransaction # 12 AnswerAnswerTransaction # 13 AnswerAnswerTransaction # 13 AnswerAnswerEnding: $ Answer
Ending: $ Answer
IncreaseDecreaseIncreaseDecreaseTravelUtilitiesTransaction # 1 AnswerAnswerTransaction # 1 AnswerAnswerTransaction # 2 Answer
AnswerTransaction # 2 AnswerAnswerTransaction # 3 AnswerAnswerTransaction # 3 AnswerAnswerTransaction # 4 AnswerAnswerTransaction # 4 AnswerAnswerTransaction # 5 AnswerAnswerTransaction # 5 AnswerAnswerTransaction # 6 AnswerAnswerTransaction # 6 AnswerAnswerTransaction # 7 AnswerAnswerTransaction # 7 Answer
AnswerTransaction # 8 AnswerAnswerTransaction # 8 AnswerAnswerTransaction # 9 AnswerAnswerTransaction # 9 AnswerAnswerTransaction # 10 AnswerAnswerTransaction # 10 AnswerAnswerTransaction # 11 AnswerAnswerTransaction # 11 AnswerAnswerTransaction # 12 AnswerAnswerTransaction # 12 AnswerAnswerTransaction # 13 AnswerAnswerTransaction # 13 AnswerAnswerEnding: $ Answer
Ending: $ Answer
Total RevenueAnswer
Total ExpensesAnswer
Surplus (Deficit)Answer