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    Resultay T-Accounts

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    Mackenzie Heart Obien
    Christine Charity Resultay operated an optometry business. According to the T-accounts for the month ended June 31, 2015: - Total cash increased by $49,360 from revenues and decreased by $55,980 for expenses, leaving $193,380 in cash. Expenses included $7,750 for supplies, $9,900 for salaries, $8,400 for rent, and $2,430 for utilities. - Accounts payable decreased by $9,000 when $9,000 was paid to creditors, leaving the balance at $0.

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    Resultay T-Accounts

    Uploaded by

    Mackenzie Heart Obien
    414 views1 page
    Christine Charity Resultay operated an optometry business. According to the T-accounts for the month ended June 31, 2015: - Total cash increased by $49,360 from revenues and decreased by $55,980 for expenses, leaving $193,380 in cash. Expenses included $7,750 for supplies, $9,900 for salaries, $8,400 for rent, and $2,430 for utilities. - Accounts payable decreased by $9,000 when $9,000 was paid to creditors, leaving the balance at $0.

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    Christine Charity Resultay operated an optometry business. According to the T-accounts for the month ended June 31, 2015: - Total cash increased by $49,360 from revenues and decreased by $55,980 for expenses, leaving $193,380 in cash. Expenses included $7,750 for supplies, $9,900 for salaries, $8,400 for rent, and $2,430 for utilities. - Accounts payable decreased by $9,000 when $9,000 was paid to creditors, leaving the balance at $0.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    414 views1 page

    Resultay T-Accounts

    Uploaded by

    Mackenzie Heart Obien
    Christine Charity Resultay operated an optometry business. According to the T-accounts for the month ended June 31, 2015: - Total cash increased by $49,360 from revenues and decreased by $55,980 for expenses, leaving $193,380 in cash. Expenses included $7,750 for supplies, $9,900 for salaries, $8,400 for rent, and $2,430 for utilities. - Accounts payable decreased by $9,000 when $9,000 was paid to creditors, leaving the balance at $0.

    Copyright:

    © All Rights Reserved
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    of 1

    Christine Charity Resultay, Optometrist

    T-Accounts
    For the month ended June 31, 2015

    CASH RESULTAY, WITHDRAWAL


    A 200,000 B 8,400 K 12,500
    F 24,210 C 7,750 BAL. 12,500
    J 25,150 E 6,000
    G 9,000 SERVICE REVENUES
    H 2,430 F 24,210
    I 9,900 J 25,150
    K 12,500 BAL. 49,360
    = 249,360 = 55,980
    BAL. 193,380 SUPPLIES EXPENSE

    C 7,750
    OFFICE EQUIPMENT BAL. 7,750

    D 91,800
    SALARIES EXPENSE
    E 18,400
    BAL. 110,200 I 9,900
    BAL. 9,900
    ACCOUNTS PAYABLE

    G 9,000 D 91,800
    E 12,400
    = 9,000 = 104,200
    BAL. 95,200

    RESULTAY, CAPITAL

    A 200,000
    BAL. 200,000

    RENT EXPENSE

    B 8,400
    BAL. 8,400

    UTILITIES EXPENSE

    H 2,430
    BAL. 2,430

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