Take me to the text The following information pertains to Christopher Lee's personal financial transactions. Opening Balances - December 1, 2016 Cash $14,500 $600 $19,000 $153,600 $6,400 $72,400 Contents of Home Automobile House Unpaid Accounts Bank Loan Transactions for the month of December 2016. 1. Paid miscellaneous expenses for the month of December with $900 cash. 2. Purchased a new computer worth $1,900 with cash. 3. Paid credit card liability of $6,400 (Unpaid Accounts) in full. 4. Paid telephone, electricity and water bill for December with $700 cash. 5. Purchased $2,300 of groceries and goods for personal consumption with cash. 6. Deposited $4,200 salary earned during the month. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a deficit. The T-Account fields are labeled by transaction number. Record each transaction by entering t Required Using the information provided, record the opening balances in the T-accounts. b) Record the transactions for the month of December in the T-accounts.
Take me to the text The following information pertains to Christopher Lee's personal financial transactions. Opening Balances - December 1, 2016 Cash $14,500 $600 $19,000 $153,600 $6,400 $72,400 Contents of Home Automobile House Unpaid Accounts Bank Loan Transactions for the month of December 2016. 1. Paid miscellaneous expenses for the month of December with $900 cash. 2. Purchased a new computer worth $1,900 with cash. 3. Paid credit card liability of $6,400 (Unpaid Accounts) in full. 4. Paid telephone, electricity and water bill for December with $700 cash. 5. Purchased $2,300 of groceries and goods for personal consumption with cash. 6. Deposited $4,200 salary earned during the month. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a deficit. The T-Account fields are labeled by transaction number. Record each transaction by entering t Required Using the information provided, record the opening balances in the T-accounts. b) Record the transactions for the month of December in the T-accounts.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following information pertains to Christopher Lee's personal financial transactions.
Opening Balances - December 1, 2016
Cash
$14,500
$600
$19,000
$153,600
$6,400
$72,400
Contents of Home
Automobile
House
Unpaid Accounts
Bank Loan
Transactions for the month of December 2016.
1. Paid miscellaneous expenses for the month of December with $900 cash.
2. Purchased a new computer worth $1,900 with cash.
3. Paid credit card liability of $6,400 (Unpaid Accounts) in full.
4. Paid telephone, electricity and water bill for December with $700 cash.
5. Purchased $2,300 of groceries and goods for personal consumption with cash.
6. Deposited $4,200 salary earned during the month.
Do not enter dollar signs or commas in the input boxes.
Use the negative sign for a deficit.
The T-Account fields are labeled by transaction number. Record each transaction by entering the val
Required
a) Using the information provided, record the opening balances in the T-accounts.
b) Record the transactions for the month of December in the T-accounts.
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