Establish a T-accounts for the following transactions. Thanks
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Establish a T-accounts for the following transactions. Thanks
![●
Prepare
Establish the following T-accounts:
Cash
o Accounts Receivable
o Office Equipment
o Supplies
o Accounts Payable
o Dozz, Capital
o Dozz, Withdrawals
o Service Revenues
o Salaries Expense
o Rent Expense
o Utilities Expense](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F063d9e9e-1fa5-4673-b4b7-c2f10237c45c%2F4c622c6c-88f0-42d7-803e-0035700d7a57%2Fv9uw3jg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:●
Prepare
Establish the following T-accounts:
Cash
o Accounts Receivable
o Office Equipment
o Supplies
o Accounts Payable
o Dozz, Capital
o Dozz, Withdrawals
o Service Revenues
o Salaries Expense
o Rent Expense
o Utilities Expense
![On September 18, 2022, Dozer Dozz, optometrist, established the Dozz Eye Clinic.
Transactions completed during the month are as follows:
a. Dozz deposited P200,000.00 in a bank account in the name of the business
b. Paid office rent for the month, P8,400.00.
c. Bought office supplies for cash, P7,750.00.
d. Bought office equipment on account from Dagupan Equipment, P91,800.00.
e. Bought a computer from Del Rosario Office Outfitters, P18,400.00, paying P6,000.00
in cash and the balance on account.
f Performed professional services for cash, P24,210.00.
g. Paid accounts to Del Rosario Office Outfitters, P9,000.00.
h. Received and paid the bill for utilities, P2,430.00.
i. Paid salaries of the part time assistants, P9,900.00.
j. Performed professional services for cash, P25,150.00.
k. Dozz withdrew cash for personal use, P12,500.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F063d9e9e-1fa5-4673-b4b7-c2f10237c45c%2F4c622c6c-88f0-42d7-803e-0035700d7a57%2F12r15w_processed.jpeg&w=3840&q=75)
Transcribed Image Text:On September 18, 2022, Dozer Dozz, optometrist, established the Dozz Eye Clinic.
Transactions completed during the month are as follows:
a. Dozz deposited P200,000.00 in a bank account in the name of the business
b. Paid office rent for the month, P8,400.00.
c. Bought office supplies for cash, P7,750.00.
d. Bought office equipment on account from Dagupan Equipment, P91,800.00.
e. Bought a computer from Del Rosario Office Outfitters, P18,400.00, paying P6,000.00
in cash and the balance on account.
f Performed professional services for cash, P24,210.00.
g. Paid accounts to Del Rosario Office Outfitters, P9,000.00.
h. Received and paid the bill for utilities, P2,430.00.
i. Paid salaries of the part time assistants, P9,900.00.
j. Performed professional services for cash, P25,150.00.
k. Dozz withdrew cash for personal use, P12,500.00
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