Answer Happy

Bay off Sheila Abney opened a dormitory locator business called Room Finders near a college campus. During the test moth of operations, November 2019, Sheila had the following transactions. 1) Invested $10,600 of personal funds to start the business. 2) Incurred travel expenses for $840, which will be paid later. 3) Paid $680 cash for maintenance expenses 4) Received $4,800 cash for services provided to clients. 5) Paid $840 related to the purchase in transaction 2. 6) Paid three months of office rent in advance, in the amount of $1,500. 7) Incurred $570 of utilities expenses, which will be paid next month. 8) Received $980 cash from a customer for services to be provided in two months. 9) Provided $1,040 in services for a customer who will pay later. 10) Recognized one month of office rent that was prepaid. 11) Sheila withdrew $1,030 cash for personal use. 12) Purchased a second-hand car worth $6,150 for business use with cash. 13) Received $630 from the customer in transaction 9. 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 I-Account field 14°C B Contact us! 221 AM 1/28/2002 440