Make Taccounts for the following accounts that appear in the general ledger of Fatima, a veterinarian: [ Cash; Accounts Receivable; supplies on Hand; Office Equipment; Accounts Payable; J. R. Curtis, Capital; Fatima, Drawing: Professional Fees; Salaries Expense; and Rent Expense.] Record the following transactions in the Taccounts and key all entries with the number identifying the transaction. Finally, prove equality of debits and credits by preparing a trial balance. (1) Fatima opened a checking account on December 1 at the united Bank in the name of Animal Hospital and deposited $25,000 to start the business. (2) Paid rent for December, $600. (3) Purchased office equipment on account, as follows: Desks, $900; typewriters, $1,450; filing cabinets, $750; and chairs, S600. (4) Purchased supplies for cash, $800. (5) Billed clients Meera for services rendered, 55,600. (6) Paid secretary's salary, $950. (7) Paid $1,500 on account for the equipment purchased in transaction (3). (8) Collected $3,800 from clients Meera previously billed for services. (9) Withdrew $1,600 for personal use.
Make Taccounts for the following accounts that appear in the general ledger of Fatima, a veterinarian: [ Cash; Accounts Receivable; supplies on Hand; Office Equipment; Accounts Payable; J. R. Curtis, Capital; Fatima, Drawing: Professional Fees; Salaries Expense; and Rent Expense.] Record the following transactions in the Taccounts and key all entries with the number identifying the transaction. Finally, prove equality of debits and credits by preparing a trial balance. (1) Fatima opened a checking account on December 1 at the united Bank in the name of Animal Hospital and deposited $25,000 to start the business. (2) Paid rent for December, $600. (3) Purchased office equipment on account, as follows: Desks, $900; typewriters, $1,450; filing cabinets, $750; and chairs, S600. (4) Purchased supplies for cash, $800. (5) Billed clients Meera for services rendered, 55,600. (6) Paid secretary's salary, $950. (7) Paid $1,500 on account for the equipment purchased in transaction (3). (8) Collected $3,800 from clients Meera previously billed for services. (9) Withdrew $1,600 for personal use.
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter2: Analyzing Transactions Into Debit And Credit Parts
Section: Chapter Questions
Problem 1CP
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![Make Taccounts for the following accounts that appear in the general ledger of Fatima, a veterinarian:
[ Cash; Accounts Receivable; supplies on Hand; Office Equipment; Accounts Payable; J. R. Curtis,
Capital; Fatima, Drawing: Professional Fees; Salaries Expense; and Rent Expense.]
Record the following transactions in the T accounts and key all entries with the number identifying the transaction.
Finally, prove equality of debits and credits by preparing a trial balance.
(1) Fatima opened a checking account on December 1 at the united Bank in the name of Animal Hospital and
deposited $25,000 to start the business.
(2) Paid rent for December, $600.
(3) Purchased office equipment on account, as follows: Desks, $900; typewriters,
$1,450; filing cabinets, $750; and chairs, $600.
(4) Purchased supplies for cash, $800.
(5) Billed clients Meera for services rendered, 55,600.
(6) Paid secretary's salary, $950.
(7) Paid $1,500 on account for the equipment purchased in transaction (3).
(8) Collected $3,800 from clients Meera previously billed for services.
(9) Withdrew $1,600 for personal use.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9ab1f7f1-4d32-4e39-93c6-4fb0925dffc5%2F3538bb23-d68a-4579-b95a-bf55fc2c1a35%2Fcb4uadn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Make Taccounts for the following accounts that appear in the general ledger of Fatima, a veterinarian:
[ Cash; Accounts Receivable; supplies on Hand; Office Equipment; Accounts Payable; J. R. Curtis,
Capital; Fatima, Drawing: Professional Fees; Salaries Expense; and Rent Expense.]
Record the following transactions in the T accounts and key all entries with the number identifying the transaction.
Finally, prove equality of debits and credits by preparing a trial balance.
(1) Fatima opened a checking account on December 1 at the united Bank in the name of Animal Hospital and
deposited $25,000 to start the business.
(2) Paid rent for December, $600.
(3) Purchased office equipment on account, as follows: Desks, $900; typewriters,
$1,450; filing cabinets, $750; and chairs, $600.
(4) Purchased supplies for cash, $800.
(5) Billed clients Meera for services rendered, 55,600.
(6) Paid secretary's salary, $950.
(7) Paid $1,500 on account for the equipment purchased in transaction (3).
(8) Collected $3,800 from clients Meera previously billed for services.
(9) Withdrew $1,600 for personal use.
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