Reference no: EM132953552
Problem 1: Create T-accounts for the transactions presented. Mountain Construction had the following transactions in the month of April:
April 1- Paid utilities expense for $700
4- Purchased materials (supplies) in cash $1,500
6- A construction job was performed for a customer for $9,000 and paid in cash.
10- Worked on a roof of a house for $4,000 on credit.
12- A piece of construction equipment was purchased for $2,500 on credit.
15- A month's rent was paid for $1,500.
18- A truck was purchased on credit for $20,000.
20- A payment was made to the account of the truck purchased for $1,200.
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