Question

The following occurred during June at Hicks Family Counseling.

Post the following transactions into the appropriate T accounts.

Transactions:

Purchased office supplies for $1,400 in cash.

Delivered monthly statements, collected fee income of $29,000.

Paid the current month’s office rent of $3,400.

Completed professional counseling, billed client for $4,600.

Client paid fee of $2,600 for weekly counseling, previously billed.

Paid office salaries of $3,000.

Paid telephone bill of $420.

Billed client for $3,600 fee for preparing a counseling evaluation.

Purchased office supplies of $940 on account.

Paid office salaries of $3,000.

Collected $3,600 from client who was billed.

Clients paid a total of $9,700 cash in fees.

Complete this question by entering your answers in the tabs below.

Transactions

Analyze

Post the following transactions into the appropriate T accounts. (Select the Debit account first, then the Credit account. Deductions to account balances should be indicated by a minus sign.)

1. Purchased office supplies for $1,400 in cash.
2. Delivered monthly statements, collected fee income of $29,000.
3. Paid the current month’s office rent of $3,400.
4. Completed professional counseling, billed client for $4,600.
5. Client paid fee of $2,600 for weekly counseling, previously billed.
6. Paid office salaries of $3,000.
7. Paid telephone bill of $420.
8. Billed client for $3,600 fee for preparing a counseling evaluation.
9. Purchased office supplies of $940 on account.
10. Paid office salaries of $3,000.
11. Collected $3,600 from client who was billed.
12. Clients paid a total of $9,700 cash in fees.

Answer 1

		June at Hicks Family Counseling.
	Office Supplies			Cash
1)	Dr	Cr		Dr	Cr
	$                    1,400.00				$    1,400.00
	Cash			Fee Income
2)	Dr	Cr		Dr	Cr
	$                  29,000.00				$ 29,000.00
3)	Office Rent			Cash
	Dr	Cr		Dr	Cr
	$                    3,400.00				$    3,400.00
4)	Accounts Receivable			Fee Income
	Dr	Cr		Dr	Cr
	$                    4,600.00				$    4,600.00
5)	Cash			Accounts Receivable
	Dr	Cr		Dr	Cr
	$                    2,600.00				$    2,600.00
6)	Office Salaries			Cash
	Dr	Cr		Dr	Cr
	$                    3,000.00				$    3,000.00
7)	Telephone Expenses			Cash
	Dr	Cr		Dr	Cr
	$                        420.00				$        420.00
8)	Accounts Receivable			Fee Income
	Dr	Cr		Dr	Cr
	$                    3,600.00				$    3,600.00
9)	Office Supplies			Accounts Payable
	Dr	Cr		Dr	Cr
	$                        940.00				$        940.00
10)	Office Salaries			Cash
	Dr	Cr		Dr	Cr
	$                    3,000.00				$    3,000.00
11)	Cash			Accounts Receivable
	Dr	Cr		Dr	Cr
	$                    3,600.00				$    3,600.00
12)	Cash			Fee Income
	Dr	Cr		Dr	Cr
	$                    9,700.00				$    9,700.00
	Office Supplies
	Particular	Amt(DR)	Particualr	Amount (Cr)
	To Cash	$    1,400.00	By Bal c/d	$     2,340.00
	To Accounts Payable	$        940.00
	Total	$    2,340.00		$     2,340.00
	Cash
	Particular	Amt(DR)	Particualr	Amt (CR)
	To Fees Income	$ 29,000.00	By Office Supplies	$     1,400.00
	To Accounts Receivable	$    2,600.00	By Office Rent	$     3,400.00
	To Accounts Receivable	$    3,600.00	By Office Salaries	$     3,000.00
	To Fees Income	$    9,700.00	By Telephone Exp	$         420.00
			By Office Salaries	$     3,000.00
			By Bal c/d	$   33,680.00
	Total	$ 44,900.00	Total	$   44,900.00
	Accounts Receivable
	Particular	Amt(DR)	Particualr	Amt (CR)
	To Fees Income	$    4,600.00	By Cash	$     2,600.00
	To Fees Income	$    3,600.00	By Cash	$     3,600.00
			By Bal c/d	$     2,000.00
	Total	$    8,200.00	Total	$     8,200.00
	Office Rent
	Particular	Amt(DR)	Particualr	Amt (CR)
	To Cash	$    3,400.00	By bal C/d	$     3,400.00
	Total	$    3,400.00	Total	$     3,400.00
	Office Salaries
	Particular	Amt(DR)	Particualr	Amt (CR)
	To Cash	$    3,000.00	By bal C/d	$     6,000.00
	To Cash	$    3,000.00
	Total	$    6,000.00	Total	$     6,000.00
	Telephone Expenses
	Particular	Amt(DR)	Particualr	Amt (CR)
	To Cash	$        420.00	By bal C/d	$         420.00
	Total	$        420.00	Total	$         420.00
	Fee Income
	Particular	Amt(DR)	Particualr	Amt (CR)
	To Balance C/d	$ 46,900.00	By Cash	$   29,000.00
			By Accounts Receivable	$     4,600.00
			By Accounts Receivable	$     3,600.00
			By Cash	$     9,700.00
	Total	$ 46,900.00	Total	$   46,900.00
	Accounts Payable
	Particular	Amt(DR)	Particualr	Amt (CR)
	To Bal c/d	$        940.00	By Office Supplies	$         940.00
	Total	$        940.00	Total	$         940.00