Question

J. Carrie established Carrie's Photo Tours during June of this year. The accountant prepared the following chart of accounts:

Assets Liabilities Owner's Equity Revenue Expenses

Cash Accounts Payable J. Carrie, Capital Income from Services Wages Expense

Supplies J. Carrie, Drawing Rent Expense

Computer Software Advertising Expense

Office Equipment Utilities Expense

Neon Sign Misc Expense

The following transactions occurred during the month of June:

a. Carrie deposited $30000 cash in a bank account in the name of the business.

b. Bought office equipment for cash, $1850, ck no. 1001

c. Bought computer software from Morey's Computer Center, $640, paying $350 in cash and placing balance on account ck no. 1002.

d. Paid current month's rent, $950 ck. no. 1003.

e. Sold services for cash, $1575.

f. Bought a neon sign from the SIGN Company, $1335, paying $435 in cash and placing the balance on account ck. no. 1004.

g. Received bill from The Gossiper for advertising, $445.

h. Bought supplies on account from city Suppy, $460.

i. Received and paid the eleletric bill, $380, ck. no. 1005.

j. Paid on account to The Gossiper, $245 ck.no. 1006.

k. Sold services for cash $3474.

l. Paid on wages to an employee, $930 ck. no. 1007.

m. Carrie invested his personal computer(Office Equipment) with a fair market value of $1000 in the business.

n. Carrie withdrew cash for personal use. $800, ck. no. 1008.

o. Received and paid the bill for city business license, $75, ck. no. 1009 (Misc Expense).

Required

1. Record the owner's name in the Capital and Drawing T Accounts.

2. Correctly place the plus and minus signs for each T Account and label the debit and credit sides of the accounts.

3. Record the transactions in the T accounts. Write the letter of each entry to identify the transaction.

4. Foot the T Accounts and show the balances.

5. Prepare a trial balance, with a three-line heading, dated June 30, 20_.

Trial Balance total$37899