Reference no: EM132900164
Problem 1: Creates the T accounts for the submitted transactions. During the month of May 2020, Bruno Ayala, an accountant, opened an office and made the following transactions:
February 1 An investment was made to open the office for $30,000.
2 Rent for the month was paid for $1,400.
4 Money was received from a customer for $600 for a service.
6 Materials were purchased for $500 in cash.
10 Services were performed to a client on credit for $1,000.
12 Office equipment was purchased on credit for $1,500.
14 There were gas costs for $100.
16 A payment is received from the customer who was given the service on credit for $600.
18 The administrative assistant's salary was paid for $2,500.
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