5. Travis Hawkins began business as Hawkins Accounting Firm on July 1, Record the following...
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5. Travis Hawkins began business as Hawkins Accounting Firm on July 1, Record the following July transactions by making entries directly to the T-accounts provided using date to label entries. Calculate and label the account balances (20 points). 1. Hawkins invested $25.000 cash and a computer valued at $4.500. 3. Purchased $3,250 of office equipment from Harrisburg, Inc. on credit. 8. Completed accounting work for a client and received $1,750 cash in full payment. 12. Paid Harrisburg, Inc. $1.500 cash in partial settlement of the amount owed. 15. Completed $2,300 of accounting work for a client on account. 17. Hawkins withdrew $2.000 cash for personal use. 25. Received $1,500 cash as partial payment for the accounting work completed for the client on the 15th. 31. Paid $2.800 cash for the administrative assistant's salary. Cash T. Hawkins Withdrawals July 2,000 Office Equipment 3,250 July 25,000 July Accounts Receivable Accounts Payable Service Revenue Computer T. Hawkins, Capital Salaries Expense 4500 July! Page 9 of u
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