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Analysis of T Accounts Roberto Alvarez began a business called Roberto's Fix-It Shop. ...

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Accounting

Analysis of T Accounts
Roberto Alvarez began a business called Roberto's Fix-It Shop.
Complete the T accounts for Cash; Supplies; Roberto Alvarez, Capital; and Utilities Expense. Identify the following transactions by letter and place them on the proper side of the T accounts:
a. Invested cash in the business, $6,000.
b. Purchased supplies for cash, $1,200.
c. Paid utility bill, $900.
Foot the T account for cash and enter the ending balance.
Cash
Roberto Alvarez, Capital
longrightarrow
Supplies
image

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