Provide total ending balances of each t-account

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Reference no: EM131014806

(Prepare T-Accounts): Carolyn Wells had the following transactions. Provide total ending balances of each T-Account A. Jan 1 2016, Carolyn Wells deposited $120,000 into the business which is called the Carolyn Wells, CPA (sole proprietor structure) B. Jan 5, 2016, The company purchased some office furniture for $2,500 by paying cash. C. It also purchased a business car for $25,000 by paying $10,000 cash and getting a loan from a local bank for $15,000 for 15 years. D. Jan 1, 2016, Paid office rent of $1000 for the month of January. E. Jan 27 2016, Prepared a tax-return and billed a client $1500 for the services provided. Client will pay in the next 30 days F. Jan 1, 2016, Purchased insurance to protect the business and the business car in the amount of $2400 for 12 months. The company paid it with the company check 502. G. Jan 30 2016, Owner purchased a car for her PERSONAL use and NOT for Business use H. Jan 30 2016, company paid $200 for Utility Bill I. Jan 30 2016 Company incurred salaries expenses of $5000, but will be paying on February 5th J. Client from transaction E paid the company $1500

Reference no: EM131014806

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Provide total ending balances of each t-account : Carolyn Wells had the following transactions. Provide total ending balances of each T-Account A. Jan 1 2016, Carolyn Wells deposited $120,000 into the business which is called the Carolyn Wells, CPA (sole proprietor structure) B. Jan 5, 2016, The com..

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