Construct the T-Account of the given transaction:JOURNAL ENTRIESDate/#Account TitleDebitCredita.Cash 250,000.00 Supplies 34,000.00 Jai, Capital 284,000.00 To record the investment of Jai b.Office Furniture 4,600.00 Cash 4,600.00 To record purchase of furniture c.Office Furniture 12,000.00 Cash 12,000.00 To record purchsae of furniture d.Utilities Expense 4,500.00 Accounts Payable 4,500.00 To record water expense e.Cash 23,000.00 Service Revenue 23,000.00 To record offering of service f.Accounts Receivable 34,000.00 Service Revenue 34,000.00 To record offering of service g.Accounts Payable 4,500.00 Cash 4,500.00 To record payment of payable h.Jai, Withdrawal 10,000.00 Cash 10,000.00 To record owner's withdrawal 376,600.00 376,600.00

Name: Construct the T-Account of the given transaction:JOURNAL ENTRIESDate/#
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Description: Construct the T-Account of the given transaction:JOURNAL ENTRIESDate/#Account TitleDebitCredita.Cash 250,000.00 Supplies 34,000.00 Jai, Capital 284,000.00 To record the investment of Jai b.Office Furniture 4,600.00 Cash 4,600

T accounts refer to posting the journal entries into its ledger account.

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Construct the T-Account of the given transaction:

JOURNAL ENTRIES
Date/#	Account Title	Debit	Credit
a.	Cash	250,000.00
	Supplies	34,000.00
	Jai, Capital		284,000.00
	To record the investment of Jai

b.	Office Furniture	4,600.00
	Cash		4,600.00
	To record purchase of furniture

c.	Office Furniture	12,000.00
	Cash		12,000.00
	To record purchsae of furniture

d.	Utilities Expense	4,500.00
	Accounts Payable		4,500.00
	To record water expense

e.	Cash	23,000.00
	Service Revenue		23,000.00
	To record offering of service

f.	Accounts Receivable	34,000.00
	Service Revenue		34,000.00
	To record offering of service

g.	Accounts Payable	4,500.00
	Cash		4,500.00
	To record payment of payable

h.	Jai, Withdrawal	10,000.00
	Cash		10,000.00
	To record owner's withdrawal
		376,600.00	376,600.00

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