Business, 21.04.2020 16:56, dlatricewilcoxp0tsdw

Analysis of TransactionsCharles Chadwick opened a business called Charlie's Detective Service in January 20--. Set up T accounts for the following accounts: Cash; Accounts Receivable; Office Supplies; Computer Equipment; Office Furniture; Accounts Payable; Charles Chadwick, Capital; Charles Chadwick, Drawing; Professional Fees; Rent Expense; and Utilities Expense. The following transactions occurred during the first month of business. Record these transactions in T accounts. After all transactions are recorded, foot and balance the accounts if necessary.(a) Invested cash in the business, $30,008.(b) Bought office supplies for cash, $387.(c) Bought office furniture for cash, $4,649.(d) Purchased computer and printer on account, $7,501.(e) Received cash from clients for services, $3,061.(f) Paid cash on account for computer and printer purchased in transaction (d), $3,737.(g) Earned professional fees on account during the month, $9,317.(h) Paid cash for office rent for January, $1,751.(i) Paid utility bills for the month, $792.(j) Received cash from clients billed in transaction (g), $5,563.(k) Withdrew cash for personal use, $2,893.AssetsDr. + Cr. - = LiabilitiesDr. - Cr. + + Owner's EquityDr. - Cr. +CashBal. Accounts PayableBal. Charles Chadwick, CapitalAccounts ReceivableBal. DrawingDr. + Cr. - ExpensesDr. + Cr. - RevenuesDr. - Cr. +Office SuppliesC. Chadwick, DrawingRent ExpenseProfessional FeesBal. Computer EquipmentUtilities ExpenseOffice Furniture

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Analysis of TransactionsCharles Chadwick opened a business called Charlie's Detective Service in Jan...