i moslty need help with the T-chart Wiley Coyote started...
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Accounting
i moslty need help with the T-chart
Wiley Coyote started Acme, Inc on June 1, 2020. Acme's Chart of Accounts is below. Chart of Accounts Cash Common Stock Accounts Receivable Retained Earnings Supplies Dividends Prepaid Rent Fees Earned Office Equipment Salary Expense Accounts Payable Rent Expense Notes Payable Supplies Expense Unearned Fees Interest Expense Utility Expense During the month of June, Acme Inc. entered into the following transactions: 1 Transferred cash from a personal bank account in exchange for stock, $100,000 3 Recorded services provided on account, $9,100 5 Received cash from clients as an advance payment for services to be provided in July, $12,500 7 Purchased Office Equipment for $5,000, paying $500 cash and signing a Note for the remainder, 9 Receive cash for services provided: $5,000 10 Paid part-time receptionist for two weeks' salary $1,750 12 Purchased office supplies from Staples on account, $1,200 14 Billed clients for fees earned; $2,500 16 Paid $1,000 for 3 months rent for the months of July - September 18 Paid Staples, 600 24 Received cash from clients on account, $8,500. 26 Paid electricity bill for June, $810. 28 Paid $50 interest on the Note 30 Paid dividends, $7,500
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