Reference no: EM132855500

Question - Mary Sunny began business as Sunny Law Firm on November 1. Record the following November transactions by making entries directly to the T-accounts provided. Next, prepare trial balance as of November 30.

Part A Mary invested $15,000 cash and a law library valued at $6,000.

Part B Purchased $7,500 of office equipment from John Bronx on credit.

Part C Completed legal work for a client and received $1,500 cash in full payment.

Part D Paid John Bronx $3,500 cash in partial payment of the amount owed.

Part E Completed $4,000 of legal work for a client on credit.

Part F Mary withdrew $2,000 cash from the business for personal use.

Part G Received $2,500 cash as partial payment for the legal work completed for the client in (e).

Part H Paid $2,500 cash for the secretary's salary.