The accountant for the firm owned by Vincent Sutton prepares financial statements at the end of each month. a. Sutton invested $90,000 in cash to start the business.
b. Paid $6,000 for the current month’s rent.
c. Bought office furniture for $10,580 in cash.
d. Performed services for $8,200 in cash.
e. Paid $1,250 for the monthly telephone bill.
f. Performed services for $14,000 on credit.
g. Purchased a computer and copier for $18,000; paid $7,200 in cash immediately with the balance due in 30 days.
h. Received $7,000 from credit clients. Paid $2,800 in cash for office cleaning services for the month.
i. Purchased additional office chairs for $5,800; received credit terms of 30 days.
j. Purchased office equipment for $22,000 and paid half of this amount in cash immediately; the balance is due in 30 days.
k. Issued a check for $9,400 to pay salaries.
l. Performed services for $14,500 in cash.
m. Performed services for $16,000 on credit.
n. Collected $8,000 on accounts receivable from charge customers.
o. Issued a check for $2,900 in partial payment of the amount owed for office chairs.
p. Paid $725 to a duplicating company for photocopy work performed during the month.
q. Paid $1,280 for the monthly electric bill.
r. Sutton withdrew $5,500 in cash for personal expenses.

Required:
Post the above transactions into the appropriate T accounts.