Question

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

Cash	19,600		Fees Income	-0-
Accounts Receivable	840		Rent Expense	-0-
Office Equipment	2,400		Utilities Expense	-0-
Supplies	240		Salaries Expense	-0-
Accounts Payable	1,400
Kelly Connor, Capital	21,680
Kelly Connor, Drawing	-0-

The following transactions occurred during the month of November.

1. Collected $340 from credit customers.
2. Issued a check for $750 for November's rent.
3. Paid $1,700 for salaries.
4. The owner withdrew $550 in cash for personal expenses.
5. Issued a check for $250 to pay the monthly utility bill.
6. Received $2,720 in cash for services performed.
7. Purchased office equipment for $1,340 on credit.

Post the above transactions into the appropriate T accounts.

Beneath this I am asked to create the appropriate T accounts for the following accounts:

Cash

Accounts Receivable

Supplies

Office Equipment

Accounts Payable

Kelly Connor Capital

Kelly Connor Drawing

Fees Income

Rent Expense

Utility Expense

Salaries Expense

(Everything(as in the amounts) have to be positioned correctly either on the debit or credit side, then at the balance must be shown for each corresponding T account. That is a beginning balance and an ending balance must be shown.

I am asking for this help to ensure that what I have on paper matches what your expertise will show me.)

Answer 1