ANALYSIS OF TRANSACTIONS Charles Chadwick opened a business called Charlie’s Detective Service in January 20--. Set up T accounts for the following accounts: Cash; Accounts Receivable; Office Supplies; Computer Equipment; Office Furniture; Accounts Payable; Charles Chadwick, Capital; Charles Chadwick, Drawing; Professional Fees; Rent Expense; and Utilities Expense.
The following transactions occurred during the first month of business. Record these transactions in T accounts. After all transactions are recorded, foot and balance the accounts if necessary.
TRIAL BALANCE Based on the transactions recorded in Exercise 3-7A, prepare a trial balance for Charlie’s Detective Service as of January 31, 20--.
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