Question

NEED THE T ACCOUNTS FOR THESE PLEASE!!!!!

These are the accounts:
* Not all of them get used but some of them do*
1. Assets:
Cash
A/R
Supplies
Prepaid Insurance
Automobile
Furniture and Equipment
Drawing Account

2. Expenses:
Salary Expense
Rent Expense
Utilities Expense
Automobile Expense

3. Liabilities:
A/P

4. Owners Equity:
Capital Account

Once again please help i only need the T Accounts!!!!

Answer 1

Below are the answers to your T accounts. The first account is the account with the balance on the debit side and the second is the credit.

A. Rent Expense, Cash

B. Prepaid Insurance, Cash

C. Furniture & Equipment - $200 credit to cash, $649 credit to AP

D. Accounts Receivable, Credit - there should be a sales or other type of income account that you may have missed in your list. If not, you will need to credit it directly to the Capital Account.

E. Salary Expense, Cash

F. Utilities Expense, Cash

G. Cash, A/R

H. Automobile Expense, Cash

I. A/P, Cash

J. Drawing Account, Cash